Scam Detection for Ethereum Smart Contracts: Leveraging Graph Representation Learning for Secure Blockchain

Due to the increasing abuse of fraudulent activities that result in significant financial and reputational harm, Ethereum smart contracts face a significant problem in detecting fraud. Existing monitoring methods typically rely on lease code analysis or physically extracted features, which suffer from scalability and adaptability limitations. In this study, we use graph representation learning to observe purchase trends and find fraudulent deals. We can achieve powerful categorisation performance by using innovative machine learning versions and transforming Ethereum invoice data into graph structures. Our method addresses label imbalance through SMOTE-ENN techniques and evaluates models like Multi-Layer Perceptron ( MLP ) and Graph Convolutional Networks ( GCN). Experimental results show that the MLP type surpasses the GCN in this environment, with domain-specific assessments closely aligned with real-world assessments. This study provides a scalable and efficient way to improve Ethereum's ecosystem's confidence and security.