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October 20, 20250 citationsOpen Access

Towards Quantum-Ready Blockchain Fraud Detection via Ensemble Graph Neural Networks

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MHMuhammad Zulqurnain HaiderTNTayyaba NoreenMSMahwish Salman

Key Points

  • Utilizing ensemble graph neural networks improves fraud detection in blockchain, supporting anti-money laundering efforts.
  • The system achieved high recall for illicit transactions while maintaining a false positive rate below 1%, outperforming individual models.
  • The study applied a tuned soft voting ensemble on the Elliptic dataset, demonstrating effectiveness in real-world applications.
  • Findings suggest ensemble GNNs provide robust solutions for cryptocurrency monitoring, with a focus on future quantum computing integration.

Abstract

Blockchain Business applications and cryptocurrencies such as enable secure, decentralized value transfer, yet their pseudonymous nature creates opportunities for illicit activity, challenging regulators and exchanges in anti money laundering (AML) enforcement. Detecting fraudulent transactions in blockchain networks requires models that can capture both structural and temporal dependencies while remaining resilient to noise, imbalance, and adversarial behavior. In this work, we propose an ensemble framework that integrates Graph Convolutional Networks (GCN), Graph Attention Networks (GAT), and Graph Isomorphism Networks (GIN) to enhance blockchain fraud detection. Using the real-world Elliptic dataset, our tuned soft voting ensemble achieves high recall of illicit transactions while maintaining a false positive rate below 1%, beating individual GNN models and baseline methods. The modular architecture incorporates quantum-ready design hooks, allowing seamless future integration of quantum feature mappings and hybrid quantum classical graph neural networks. This ensures scalability, robustness, and long-term adaptability as quantum computing technologies mature. Our findings highlight ensemble GNNs as a practical and forward-looking solution for real-time cryptocurrency monitoring, providing both immediate AML utility and a pathway toward quantum-enhanced financial security analytics.

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Cite This Study

Haider et al. (2025) studied this question.

synapsesocial.com/papers/68f6196ee0bbbc94fac364f1https://doi.org/10.48550/arxiv.2509.23101
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Blockchain Fraud Detection Using Ensemble Graph Neural Networks2025
  2. 2Exploring the Use of Graph Neural Networks for Blockchain Transaction Analysis and Fraud Detection2024 · 1 citations
  3. 3Graph Neural Network-Based Fraud Detection In Blockchain Supply Networks2026
  4. 4Survey for Exploring Blockchain with Graph Neural Network2024
  5. 5Ensemble of Graph Neural Networks for Enhanced Financial Fraud Detection2024 · 4 citations