Decentralized Finance (DeFi) promises to transform the traditional financial systems into fair and transparent protocols that do not require trusted third parties. To circumvent the high volatility of crypto-assets, DeFi protocols advocate collateralizing their assets against conventional financial instruments. To do so, these protocols require access to external or off-chain data, such as asset exchange rates. DeFi protocols rely on oracles to access such information. Importing external data onto the chain via oracles consists of multiple data processing and aggregation stages. Thus, it is critical to minimize errors or deviations while the ground truth data moves through these stages. In this paper, we investigate the degree of price deviations at different levels between the data source and the final output rendered to an on-chain requester. In particular, we focus on Chainlink’s oracle network for ETH-USD pricing. Our results show that despite checks and balances, the output rendered to the requester considerably deviates from data reported by the sources.

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Cybercriminals have been exploiting cryptocurrencies to commit various unique financial frauds. Covert cryptomining - which is defined as an unauthorized harnessing of victims’ computational resources to mine cryptocurrencies - is one of the prevalent ways nowadays used by cybercriminals to earn financial benefits. Such exploitation of resources causes financial losses to the victims. In this paper, we present our efficient approach to detect covert crypto- mining on users’ machine. Our solution is a generic solution that, unlike currently available solutions to detect covert cryptomining, is not tailored to a specific cryptocurrency or a particular form of cryptomining. In particular, we focus on the core mining algorithms and utilize Hardware Performance Counters (HPC) to create clean signatures that grasp the execution pattern of these algorithms on a processor. We built a complete implementation of our solution employing advanced machine learning techniques. We evaluated our methodology on two different processors through an exhaustive set of experiments. In our experiments, we considered all the cryptocurrencies mined by the top-10 mining pools, which collectively represent the largest share of the cryptomining market. Our results show that our classifier can achieve a near-perfect classification with samples of length as low as five seconds. Due to its robust and practical design, our solution can even adapt to zero-day cryptocurrencies. Finally, we believe our solution is scalable and can be deployed to tackle the uprising problem of covert cryptomining.@en

With new cryptocurrencies being frequently introduced to the market, the demand for cryptomining - a fundamental operation associated with most of the cryptocurrencies - has initiated a new stream of earning financial gains. The cost associated with the lucrative cryptomining has driven general masses to unethically mine cryptocurrencies using 'plundered' resources in the public organizations (e.g., universities) as well as in the corporate sector that follows Bring Your Own Device (BYOD) culture. Such exploitation of the resources causes financial detriment to the affected organizations, which often discover the abuse when the damage has already been done. In this paper, we present a novel approach that leverages magnetic side-channel to detect covert cryptomining. Our proposed approach works even when the examiner does not have login-access or root-privileges on the suspect device. It merely requires the physical proximity of the examiner and a magnetic sensor, which is often available on smartphones. The fundamental idea of our approach is to profile the magnetic field emission of a processor for the set of available mining algorithms. We built a complete implementation of our system using advanced machine learning techniques. In our experiments, we included all the cryptocurrencies supported by the top-10 mining pools, which collectively comprise the largest share (84% during Q3 2018) of the cryptomining market. Moreover, we tested our methodology primarily on two different laptops. By using the data recorded from the magnetometer of an ordinary smartphone, our classifier achieved an average precision of over 88% and an average F₁ score of 87%. Apart from our primary goal - which is to identify covert cryptomining - we also performed four additional experiments to further evaluate our approach. We found that due to its underlying design, our system is future-ready and can readily adapt even to zero-day cryptocurrencies.

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