When does a second artificial intelligence (AI) component improve a primary network-fraud decision rather than add operational burden? We study this question through a role-aware Decider-Supervisor (DS) framework with blockchain auditability, evaluating four directional configurations that combine centralised machine learning, a Federated Averaging (FedAvg)-trained federated meta-model, and Base or Quantized Low-Rank Adaptation (QLoRA) large language model variants. The analysis compares primary-only and supervised decisions using non-hard fraud performance, intervention burden, conditional calibration, traffic-mix and Review-capacity sensitivity, dependability tests, and blockchain lifecycle controls. The deterministic hard gate resolves 89.994% of fraudulent requests, leaving the non-hard population as the main AI decision setting. Conditional validation calibration does not produce a consistently transferable supervisory advantage on deployment replay. DS-3 QLoRA is the least disruptive supervised configuration, but it still underperforms its primary FedAvg stage in F1 and total errors. Across 36 reweighted traffic mixtures, supervision reduces total errors only for DS-4 Base in two extreme high-fraud scenarios. Blockchain tests support digest verification, tamper detection, authorisation, single-use review resolution, and post-finalisation integrity, while exposing a pre-finalisation single-write limitation. The results show that the value of AI supervision depends on role assignment, calibration, escalation policy, traffic composition, and lifecycle controls rather than on the presence of a second model alone.

Остання редакція: 5 жовт. 2026 р.. Читати роботу й історію версій ↗

As enterprise blockchains become increasingly interconnected, access control must extend beyond the boundaries of a single network. Existing approaches mainly focus on controlling access within one blockchain, while cross-chain interactions involve multiple networks that may follow different access-control policies and administrative rules. In this paper, we propose InterAcct, an end-to-end access-control framework for secure interactions across permissioned blockchain networks. To avoid exposing sensitive internal information, InterAcct converts outgoing requests into a consortium-level representation before they are shared with another network. When a response is returned, the framework securely maps it back to the original requester within the source consortium, preserving confidentiality throughout the interaction. Our experimental results show that InterAcct can enforce end-to-end access control for cross-chain request-response interactions with low additional overhead and can continue to operate effectively as the workload increases.

Остання редакція: 4 жовт. 2026 р.. Читати роботу й історію версій ↗

Ethereum's electricity use fell by about 99.95% after the move from proof of work to proof of stake. Service providers still need to report operational energy use, e.g. under the EU Markets in Crypto-Assets Regulation (MiCAR). Existing estimates either apply one typical wattage to every node or start from aggregated monitoring counts. Both ignore attributes that nodes already advertise on the peer-to-peer network: client software, ARM or x86 hardware, hosting location, and validator role. We crawl the consensus and execution layers, assign each peer a wattage from those attributes using published measurements, and estimate the remaining incomplete peers with a Random Forest. On 6,934 peers from two Nebula crawls (19 and 22 June 2026), reachable nodes sum to 415 kW, or 3.63 GWh if that draw were held for a year. The same Lighthouse+Nethermind x86 wattage on every peer yields 431 kW. Observed attributes lower the total by 3.9%, mainly because nodes at Hetzner and other non-AWS clouds draw less than that home-desktop figure. AWS accounts for 15.6% of watts from 12.2% of peers, and validator-flagged nodes for 31.4% of watts from 25.7% of peers. The 415 kW snapshot is about 46% of the Cambridge Centre for Alternative Finance (CCAF) estimate of about 0.90 MW. Both use about 60 W per node, so the gap is mostly how many nodes each estimate includes. Rules cover 3,110 peers and the forest the other 3,824. On held-out labeled peers with client, architecture, and OS hidden, the forest's mean absolute error against the rule wattage is 4.3 W. Twenty-four-hour measurements on a gaming desktop differ from the predictions. After subtracting a 33 W idle graphics card that Ethereum clients do not need, both differences fall to about 19%.

Остання редакція: 2 жовт. 2026 р.. Читати роботу й історію версій ↗

As the dominant trading mechanism in decentralized finance, Automated Market Maker has been widely studied in research. However, limited research has been done with the trading fees taken into consideration. In this work, we study how much trading fee Liquidity Providers(LPs) can receive from arbitrage trading when the fee rate approaches zero. We give a closed-form formula for it and our result shows that the trading fees generated by arbitrage trading can fully offset the LVR loss when the price process is continuous. We further extend our conclusions to price processes with jumps and the theoretical analysis shows that jumps are the only cause of LP loss apart from market risks. Our results provide practical guidance for AMM designers as well as LPs.

Остання редакція: 2 жовт. 2026 р.. Читати роботу й історію версій ↗

While the literature on blockchain-assisted intrusion detection and prevention systems (IDS/IPS) for Internet of Things (IoT) and Industrial Internet of Things (IIoT) networks is mature, existing systematic reviews suffer from two critical limitations: they overlook the structural shift toward modern Endpoint Detection and Response (EDR) and Extended Detection and Response (XDR) architectures, and they conflate blockchain's distinct functional roles into a single monolithic category. This Systematization of Knowledge (SoK) addresses these gaps by proposing a three-axis taxonomy that classifies proposals by detection-system class (NIDS, HIDS, EDR/XDR), blockchain functional role, and response-automation maturity. Synthesizing research published in high-impact venues between 2019 and 2026, we provide a rigorous gap analysis exposing why a genuine per-endpoint blockchain-anchored response loop remains nearly nonexistent due to latency, deployment, and community mismatches. Furthermore, we evaluate structural, cross-cutting challenges persisting across the literature, including consensus latency on constrained devices, post-quantum cryptographic vulnerability, smart-contract attack surfaces, and the adversarial vulnerability of evolving LLM-based detection engines. Finally, we outline a comprehensive research agenda centered on hybrid on-chain/off-chain orchestration to bridge the gap between decentralized trust and rapid response automation.

Остання редакція: 1 жовт. 2026 р.. Читати роботу й історію версій ↗

We present GridSMR, a sharded blockchain that scales execution horizontally while allowing dependent cross-shard operations to progress within a single block. Existing sharded systems typically place coordination between dependent cross-shard steps, making latency grow with causal depth. GridSMR localizes atomicity to individual accounts and executes cross-account work asynchronously. Using an execute-before-agree architecture, dependent operations execute across shards as they become available, while consensus later validates and commits the resulting schedule. This enables Causal Compression: cross-shard latency need not grow with the causal depth of a computation. GridSMR scales single-validator execution to 1.07M requests/s and four-validator execution to 193K committed requests/s, while reducing 16-hop causal-chain latency by 8.2x versus deferred execution.

Остання редакція: 1 жовт. 2026 р.. Читати роботу й історію версій ↗

The cryptocurrency ecosystem has experienced extraordinary growth alongside an equally remarkable rate of failure, with over 52 percent of all tokens launched since 2021 ceasing to trade by early 2025. Despite the scale of this phenomenon, predictive modeling of cryptocurrency death remains an underdeveloped area of research, constrained by definitional ambiguity, data scarcity, and the absence of granular lifecycle frameworks. This work investigates whether the failure of cryptocurrency assets can be predicted using publicly available market data and deep learning methods. A Long Short-Term Memory (LSTM) recurrent neural network was trained on 90-day sequences of daily reference price and estimated market capitalization for 82 cryptocurrency assets (41 alive and 41 dead), sourced from Coin Metrics over the period 2020 to 2026. The model was evaluated using a strictly chronological train-test split to prevent look-ahead bias. The LSTM classifier achieved in best cases a Receiver Operating Characteristic Area Under the Curve (ROC AUC) of 0.98 on the held-out test set. Finally, the model was applied to unseen data, and it was observed that the ROC AUC decreased between 0.59 and 0.65. The findings demonstrate that temporal patterns in price and market capitalization alone contain sufficient discriminative signal to identify assets on a trajectory towards economic inactivity. Diagnostic analyzes reveal that failing assets exhibit gradual value erosion and elevated volatility in the months preceding inactivity, rather than sudden catastrophic collapse. This work also documents the practical infeasibility of a multi-stage lifecycle model under current data conditions and justifies the transition to a binary classification approach.

Остання редакція: 1 жовт. 2026 р.. Читати роботу й історію версій ↗

Decentralized finance (DeFi) vaults are smart-contract-based asset management systems that pool deposits, execute programmable strategies, and mint tokenized shares representing claims on underlying assets and strategy performance. As vault designs have evolved from early yield aggregators to modular, actively managed systems, a new control layer, curation, has emerged to select strategies, configure risk parameters, and coordinate operational execution, introducing principal-agent dynamics and new failure modes. This paper systematizes DeFi vault architectures and curator-mediated control planes through (i) a unified system model and formal definitions for share accounting, roles, and operational dependencies, and (ii) three complementary taxonomies covering vault exposures and objectives, curator governance and accountability mechanisms, and strategy execution patterns together with their failure modes. We further map a representative set of production protocols to the proposed dimensions. The frameworks in this work aim to support rigorous analysis and safer design of blockchain-based financial applications.

Остання редакція: 1 жовт. 2026 р.. Читати роботу й історію версій ↗

Electronic invoices are replacing paper invoices worldwide, but today's centralized architectures leave three problems unsolved on the consumption side: an invoice can be submitted for reimbursement repeatedly, authenticity is difficult for recipients to verify, and data is siloed at a central authority that forms both a performance bottleneck and a single point of failure. This paper presents the design, formal analysis, and implementation of a complete blockchain-based electronic invoice system on Ethereum. We formalize the invoice lifecycle as a guarded labeled transition system and prove, under standard cryptographic and consensus assumptions, that the system guarantees: (i) reimbursement uniqueness--an invoice is reimbursed at most once, even across mutually distrusting organizations; (ii) face integrity--any verified invoice matches the recorded one unless keccak256 second-preimage resistance is broken; and (iii) authorization soundness for every lifecycle operation. The core invariants are machine-checked using Solidity SMTChecker, proving inductive validity across all reachable transaction sequences. The architecture models each invoice as a non-fungible, non-tradable token whose state transitions through five guarded subsystems, employing a lock-based protocol that makes duplicate reimbursement unrepresentable rather than merely detectable. We implement the design as a Solidity 0.8 contract with a four-role web application and evaluate it on a private Ethereum network: issuing costs 646,773 gas, full reimbursement costs under 135,000 gas, all operations run in O(1) time, and a single node sustains 137 issuances/s. Finally, the verified contract serves as a safety envelope for LLM-based reimbursement agents, provably rejecting unsafe actions (duplicate, over-limit, or forged-receipt claims) even when the agent's internal policy fails. All code and benchmarks are open-source.

Остання редакція: 29 вер. 2026 р.. Читати роботу й історію версій ↗

Power laws are often claimed for Bitcoin quantities from the slope of a log-log plot. We test one such claim with a formal protocol: whether the upper tail of the values of live unspent transaction outputs (UTXOs) follows a power law. We reconstruct the exact UTXO set at eight block heights from 2012 to 2025, validate it against an independent Bitcoin Core snapshot, and apply the Clauset-Shalizi-Newman protocol with three adaptations the data require: exact discrete support, several near-tied cutoffs retained and reselected in every bootstrap replicate, and resampling by transaction, because the outputs of one transaction are not independent. The protocol was fixed before inference and every later change is recorded. The pure power law is rejected at every height, with observed Kolmogorov-Smirnov distances five to forty times those the fitted law produces, and where the exponent is below 2 its extrapolation predicts, in expectation, several outputs each larger than the total coin supply. A lognormal, a stretched exponential and a power law with an exponential cutoff near a thousand bitcoin fit better in sample at every height, as families that contain the power law must, by margins that exceed those seen on simulated power-law tails at six of the eight heights, and they predict held-out transactions better at nearly every height. They rank differently from height to height, and the lognormal and the cutoff power law differ clearly at only two. The tail's shape and the share of supply it holds drifted slowly while the number of outputs grew seventy-fold. The rejection survives a null that reproduces the dependence measured within transactions, which halves the one exceptional effect size in the panel and changes no verdict. Bitcoin UTXO values are heavy-tailed but not power-law distributed.

Остання редакція: 28 вер. 2026 р.. Читати роботу й історію версій ↗

Smart contracts underpin decentralized finance, where growing demand for on-chain/off-chain communication(OFC) has driven diverse applications such as cross-chain bridges, real-world asset tokenization, and fiat-backed stablecoins. TheOFC-related security incidents in these applications are increasingly frequent, but prior studies address separate vulnerability categories within OFC applications rather than providing a unified view, causing vulnerabilities outside known patterns to be missed.In this paper, we identify OFC inconsistency (OFCI) as a root cause of OFC vulnerabilities, which arises from business-logic flaw and ultimately breaks the equivalence between the on-chain and off-chain asset representations to induce inconsistency.Automatically detecting OFCIs faces two challenges including (1)locating heterogeneous business logic, and (2) transferring existing vulnerability knowledge to identify unseen OFCI instances. To this end, we propose SmartMemory, the first framework to leverage a memory-based agent for OFCI detection. To address heterogeneity, SmartMemory maps diverse implementations ofOFC contracts into a canonical business-semantic representation to locate the business logic for OFCI inspection. For knowledge reuse, SmartMemory integrates a memory-based agent to distill vulnerability knowledge from features into patterns and detection rules, enabling knowledge transfer across cases to identify unseenOFCIs. Lastly, SmartMemory performs taint analysis to verify the reachability, type, and impact of each candidate OFCI. We construct the first real-world OFCI dataset comprising 48 DApps with 81 OFCIs for evaluation, on which SmartMemory achieves80.68% precision and 87.65% recall. In addition, through an analysis of 325 real-world OFC applications, SmartMemory detects 36 previously unknown OFCIs, all of which have been confirmed and fixed by corresponding parties.

Остання редакція: 28 вер. 2026 р.. Читати роботу й історію версій ↗

Signature-free protocols avoid the cost of post-quantum signatures. We present two simple signature-free blockchain consensus protocols for eventual synchrony with optimal good-case commit latency (three message delays for \(f<n/3\) and two for \(f<n/5\)), optimistic responsiveness, a block time of only two message delays without speculation, and \(O(n^2)\) communication per view. They instantiate Generic Simplex, a blockchain consensus construction parameterized by a new abstraction called view agreement. The same construction also captures Simplex, Minimmit, and a new synchronous signature-free protocol with optimal good-case commit latency of two message delays for \(f<n/4\).

Остання редакція: 26 вер. 2026 р.. Читати роботу й історію версій ↗

We propose Compact Shielded CSV, a private client-side validation blockchain for peer-to-peer payments designed for the postquantum era. Upgrading existing blockchains to quantum-resistant cryptography substantially increases on-chain overhead. By keeping all large cryptographic artifacts off-chain, Compact Shielded CSV keeps a minimal on-chain footprint independent of the size of the underlying cryptographic proofs and signatures. For a single input transaction, the onchain footprint is just 3 hashes (3x32 bytes): a nullifier, a degriefer, and a commitment to the transaction. We introduce the degriefer - a novel mechanism that enforces ownership and prevents double-spending using only hash commitments, eliminating the need for on-chain signatures entirely. These properties make Compact Shielded CSV a promising foundation for private, scalable, post-quantum digital payments.

Остання редакція: 25 вер. 2026 р.. Читати роботу й історію версій ↗

As lotteries and other high-stakes decentralized applications increasingly depend on unpredictable randomness for their operations, the lack of a secure and transparent on-chain random number generator that is verifiable by all participants remains a critical open problem. Various approaches to blockchain-based random number generation have emerged over the years, each with their own strengths and limitations, and have consistently been superseded as blockchain technology evolved. This paper surveys existing approaches to on-chain randomness and proposes a new platform that builds upon the well-known commit-and-reveal scheme while directly addressing its principal vulnerability, the last revealer attack, in which the final participant can withhold their reveal in order to bias or abort the output upon seeing an unfavorable result. We further compare this solution with prior approaches and evaluate its entropy properties. The proposed architecture combines a web-based front-end with a Solidity smart contract deployed on the Polygon 2.0 blockchain. Implemented and tested on the Amoy testnet, the prototype is low-cost and simple to deploy, providing a practical, accessible proof-of-concept for verifiable on-chain randomness.

Остання редакція: 25 вер. 2026 р.. Читати роботу й історію версій ↗

This paper proposes a blockchain-backed agentic security framework designed to safeguard the complete software development lifecycle (SDLC) while also securing the agentic AI components responsible for monitoring it. The framework coordinates a set of specialised security agents, covering source integrity, dependency and SBOM analysis, CI configura tion auditing, artifact verification, and runtime policy evaluation, each supported by a large language model (LLM) that interprets artefacts, reasons over tool outputs, and produces structured security reports. To ensure agent trustworthiness, every agent generates a cryptographically signed attestation that is recorded in a permissioned blockchain via smart contracts, including an agent registry, an immutable attestation log, and an enforceable release-policy module. Communication among agents and with blockchain nodes is secured using a consortium-operated certificate authority, ensuring authenticated and tamper-resistant interactions. A detailed use-case and sequence flow demonstrate how a source code security agent performs analysis, anchors its attestation on-chain, and triggers a verifiable allow/block deployment decision. The proposed framework of fers decentralised integrity transparent provenance, uninterrupted security assurance and a generalisable architecture to incorporate the agentic AI into the modern software supply chain security.

Остання редакція: 25 вер. 2026 р.. Читати роботу й історію версій ↗

Contemporary on-chain artificial intelligence (AI) encounters an intractable Von Neumann memory and latency wall. Storing static floating-point neural weight matrices inside Ethereum Virtual Machine (EVM) storage costs millions of gas, rendering direct on-chain inference impossible. While Zero-Knowledge Machine Learning (ZK-ML) offloads matrix tensor multiplications to off-chain provers, it introduces fatal constraints: 10 to 300 seconds of SNARK proving latency and 250,000 to 500,000 gas per proof verification. Because decentralized finance (DeFi) exploits - such as uncollateralized flash-loan attacks, predatory sandwich MEV, and toxic loss-versus-rebalancing (LVR) flow - occur atomically inside a single block, ZK-ML oracles cannot react in time. Here, we present Werracle, a production-grade, zero-storage on-chain AI decision oracle fitting inside a single 32-byte EVM storage slot (bytes32). Leveraging foundational procedural Mandelbrot escape dynamics (z_{n+1} = z_n^2 + c) established by Dagli et al. (arXiv:2609.25498), Werracle derives continuous non-linear decision hyperplanes from a 24-byte coordinate triplet Theta = (c_x, c_y, zoom). Implemented in pure Solidity bytecode using fixed-point Q16.16 arithmetic (WerrMath.sol), Werracle evaluates a 16-point Pareto micro-grid in only 21,438 gas (under 0.0005 USD on Layer-2 rollups like Base and Arbitrum) with sub-millisecond execution latency. We demonstrate real-world DeFi efficacy via WerracleFeeHook.sol, a Uniswap v4 dynamic swap fee governor that measures orderbook turbulence on-the-fly and atomically adjusts liquidity provider fees between 0.05% and 0.50%. The protocol is formally verified against a 1,000-test cryptographically sealed deterministic verification suite (100.0% pass rate) with telemetry permanently disabled, operating live on a dedicated EVM devnet sandbox (Chain ID 4242).

Остання редакція: 25 вер. 2026 р.. Читати роботу й історію версій ↗

This paper presents a Solidity, Hardhat, React, MetaMask, and ethers.js prototype for hospital ethics committee voting. Role controls, case-state checks, duplicate vote controls, and a receipt hash support public audit and transaction inclusion verification. Because vote events expose wallet addresses and vote values, the design provides pseudonymous auditability, not anonymous or secret-ballot voting; the receipt is neither receipt-free nor coercion-resistant. Evaluation reports 22 passing functional tests and local Hardhat gas use, including 284,137 gas per vote. A 12-participant simulation used assumed probabilities and is not human-subject evidence. Residual risks include multiple wallets, administrator or frontend compromise, credential reassignment, front-running, denial of service, and untested adversarial paths. Confidential deployment requires governed enrollment, encrypted ballots, independent audit, adversarial testing, reproducible benchmarks, and a real user study.

Остання редакція: 24 вер. 2026 р.. Читати роботу й історію версій ↗

Blockchain and artificial intelligence (AI) are converging into a single infrastructural layer for securing data sharing, model integrity, and autonomous decision-making across distributed systems. This paper presents a meta-synthesis that draws together four constituent studies covering adversarial machine learning, AI-powered anomaly detection in cloud environments, automated vulnerability patching by multi-agent large language model (LLM) pipelines, and the broader landscape of securing AI systems across their lifecycle and situates their findings within the emerging literature on blockchain-enabled AI and autonomous AI agents. Each constituent study addresses a distinct point of failure in modern AI-driven security operations: the integrity of training data and model behavior, the reliability of real-time monitoring, and the trustworthiness of automated code remediation. We argue that blockchain's properties of immutability, decentralized consensus, and verifiable provenance directly address a gap common to all three: the difficulty of establishing trust in data, models, and autonomous agents that operate without a central authority. Building on real-world research on blockchain-secured data sharing, federated learning, and multi-agent coordination, we propose a layered reference architecture that couples adversarially hardened models, blockchain-anchored data provenance, AI-driven anomaly detection, and smart-contract-governed multi-agent remediation. We conclude by identifying open problems in scalability, privacy-transparency trade-offs, and the governance of autonomous agents that must be resolved before such integrated systems can be trusted in production-critical environments.

Дата публікації за даними авторів: International Journal of Scientific Research and Management, Vol. 14, No. 08, 2026

Остання редакція: 23 вер. 2026 р.. Читати роботу й історію версій ↗

Blockchains need more than post quantum single signer signatures. They need consensus profiled authentication objects with canonical bytes, priced invalid input rejection, stable transaction identifiers, hybrid downgrade resistance, public aggregation, merge semantics, accountable signer evidence, forward secure committee rotation, and light client consequences. We argue for domain specific post quantum signatures for blockchain roles, analogously to how hash function engineering produced domain specific primitives for hash table DoS and arithmetized proof systems. We formalize transaction authorization and quorum certificate requirements, instantiate them on Bitcoin, Ethereum, and a Sei Giga style high throughput BFT stress profile, and evaluate ML-DSA, SLH-DSA, Falcon/FN-DSA, HAWK, MAYO, SNOVA, UOV/QR-UOV, FAEST, SQIsign, LaBRADOR Falcon, Squirrel, Chipmunk, and DKKW/LeanSig. We find that NIST single signer signatures are necessary components, yet none of the current schemes is a sufficient drop in replacement for the signature layer of modern public blockchains. The missing object is a consensus ready post quantum signature profile, not another generic size table.

Остання редакція: 5 жовт. 2026 р.. Читати роботу й історію версій ↗

Ethereum decentralized finance (DeFi) provides a public, time-stamped record of transaction-level event streams, but the same public symbols can create strong machine-learning shortcuts. We introduce ETH-TraceBench, a benchmark for evaluating Ethereum DeFi representations under temporal, protocol, pool/infrastructure, and symbolic shift. The raw event universe covers January 2021-December 2025 and contains 1.35 billion transactions with logs and 5.01 billion raw log rows. Model evaluation uses a fixed 911,267-instance supervised sample, training on 2021-2024, selecting models on 2025H1, and testing on 2025H2. Simple models perform strongly on the aggregate temporal test: TraceStats-GB reaches 0.953 macro-F1 and TopicEmitterHashMLP 0.959 on the canonical DEX test set. Performance drops sharply under protocol novelty, with macro-F1 of 0.794, 0.743, and 0.766 for TraceStats-GB, TopicEmitterTrace-SGD, and TopicEmitterHashMLP, while strict unseen-pool scores remain 0.927, 0.897, and 0.935. Uniswap v4 and Ekubo v1, both absent from supervised training, are materially harder than the full test. Jointly masking emitter and topic identity reduces DEX macro-F1 to 0.916 and liquidation macro-F1 to 0.774 for TopicEmitterTrace-SGD. A standard Transformer over log-index-ordered events provides no consistent advantage over a deterministic shuffle of the same events, indicating that high aggregate scores can arise without sophisticated chronological modeling. A natural-prevalence audit estimates 2025H2 DEX prevalence among logged Ethereum transactions at about 22.5%, and a deterministic 400-transaction audit finds complete agreement with task label sources and independently re-queried raw-log counts. ETH-TraceBench therefore treats difficult transfer and controlled-input conditions, rather than a single aggregate score, as the main evaluation target.

Остання редакція: 20 вер. 2026 р.. Читати роботу й історію версій ↗

Address-Poisoning Transfer (APT) is a prevalent blockchain phishing scam in which a scammer poisons a victim's address book by generating a transfer with a phishing address that looks similar to a benign address that the victim has previously interacted with. Although simple, APT phishing attacks have cost users millions of dollars in recent years, which has captured the attention of the research community (Ye et al. WWW'24, Guan-Li CCS'24, Chen et al. NDSS'25, Tsuchiya et al. USENIX'25). In this work, we go beyond detection and investigate three important and underexplored aspects of APT: scam funding mechanisms, scam signatures, and scam proceeds laundering via public services. In particular, we propose five families of scam signatures that capture key aspects of APT operations, which are useful for address clustering. We also conduct the first investigation into usage of Tornado Cash for funding APTs and laundering scam proceeds.

Остання редакція: 20 вер. 2026 р.. Читати роботу й історію версій ↗

Cryptocurrency markets exhibit extreme price swings and sentiment-driven regime shifts, which traditional volatility models often fail to capture. To address this, we develop a partially observed Markov processes (POMP) model augmented with sentiment and heavy-tailed distributions. Specifically, we extend Breto's framework by including the Fear and Greed Index (FGI) as an exogenous regressor in the latent volatility dynamics and replacing Gaussian measurement noise with a Student's t distribution. We fit the model via simulation-based inference using daily Bitcoin returns and FGI data from January 2020 to April 2025. Our approach significantly outperforms three benchmark models in log-likelihood and filter stability. Moreover, our model yields interpretable parameters consistent with known features of financial volatility. These results demonstrate that incorporating sentiment signals and heavy-tailed noise improves the modeling of volatility and regime shifts in cryptocurrency markets.

Остання редакція: 22 вер. 2026 р.. Читати роботу й історію версій ↗