SCOOP: CoSt-effective COngestiOn Attacks in Payment Channel Networks

Abstract

Payment channel networks (PCNs) are a promising solution to address blockchain scalability and throughput challenges, However, the security of PCNs and their vulnerability to attacks are not sufficiently studied. In this paper, we introduce SCOOP, a framework that includes two novel congestion attacks on PCNs. These attacks consider the minimum transferable amount along a path (path capacity) and the number of channels involved (path length), formulated as linear optimization problems. The first attack allocates the attacker's budget to achieve a specific congestion threshold, while the second maximizes congestion under budget constraints. Simulation results show the effectiveness of the proposed attack formulations in comparison to other attack strategies. Specifically, the results indicate that the first attack provides around a 40\% improvement in congestion performance, while the second attack offers approximately a 50\% improvement in comparison to the state-of-the-art. Moreover, in terms of payment to congestion efficiency, the first attack is about 60\% more efficient, and the second attack is around 90\% more efficient in comparison to state-of-the-art