• Corpus ID: 234339669

Forsage: Anatomy of a Smart-Contract Pyramid Scheme

  title={Forsage: Anatomy of a Smart-Contract Pyramid Scheme},
  author={Tyler Kell and Haaroon Yousaf and Sarah Allen and Sarah Meiklejohn and Ari Juels},
Pyramid schemes are investment scams in which top-level participants in a hierarchical network recruit and profit from an expanding base of defrauded newer participants. Pyramid schemes have existed for over a century, but there have been no in-depth studies of their dynamics and communities because of the opacity of participants’ transactions. In this paper, we present an empirical study of Forsage, a pyramid scheme implemented as a smart contract and at its peak one of the largest consumers… 



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  • R. PhillipsH. Wilder
  • Computer Science
    2020 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)
  • 2020
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