Ziqiao Kong, Xia, Wanxu, Zhengwei Li, Yi Lu · 9 authors
Move is a resource-oriented programming language designed for secure and verifiable smart contract development and has been widely used in managing billions of digital assets in blockchains, such as Sui and Aptos.Move features a strong static type system and explicit resource semantics to enforce safety properties such as the prevention of data races, invalid asset transfers, and entry vulnerabilities. However, smart contracts written in Move may still contain certain vulnerabilities that are beyond the reach of its type system. It is thus essential to validate Move smart contracts. Unfortunately, due to its strong type system, existing smart contract fuzzers are ineffective in producing syntactically or semantically valid transactions to test Move smart contracts. This paper introduces the first fuzzing framework, Belobog, for Move smart contracts. Belobog is type-aware and ensures that all generated and mutated transactions are well-typed. More specifically, for a target Move smart contract, Belobog first constructs a dependency graph based on Move's type system, and then generates or mutates a transaction based on the graph trace derived from the dependency graph. In order to overcome the complex checks in Move smart contracts, we further design and implement a concolic executor in Belobog. We evaluated Belobog on 109 real-world Move smart contract projects. The experimental results show that Belobog is able to detect 100% critical and 79% major vulnerabilities manually audited by human experts. We further selected two recent notorious incidents in the Move ecosystem, i.e., Cetus and Nemo. Belobog successfully reproduced full exploits for both of them, without any prior knowledge. Moreover, we applied Belobog on three ongoing auditing projects and found 2 critical, 2 major, and 3 medium new vulnerabilities, all acknowledged by the project developers.
Tanzim Hossain Romel, Kawshik Kumar Paul, Tanberul Islam Ruhan, Maisha Rahman Mim · 5 authors
We present a patient-centric architecture for electronic health record (EHR) sharing that separates content storage from authorization and audit. Encrypted FHIR resources are stored off-chain; a public blockchain records only cryptographic commitments and patient-signed, time-bounded permissions using EIP-712. Keys are distributed via public-key wrapping, enabling storage providers to remain honest-but-curious without risking confidentiality. We formalize security goals (confidentiality, integrity, cryptographically attributable authorization, and auditability of authorization events) and provide a Solidity reference implementation deployed as single-patient contracts. On-chain costs for permission grants average 78,000 gas (L1), and end-to-end access latency for 1 MB records is 0.7--1.4s (mean values for S3 and IPFS respectively), dominated by storage retrieval. Layer-2 deployment reduces gas usage by 10--13x, though data availability charges dominate actual costs. We discuss metadata privacy, key registry requirements, and regulatory considerations (HIPAA/GDPR), demonstrating a practical route to restoring patient control while preserving security properties required for sensitive clinical data.
Francesco Salzano, Simone Scalabrino, Rocco Oliveto, Remo Pareschi
Smart Contracts are critical components of blockchain ecosystems, with Solidity as the dominant programming language. While LLMs excel at general-purpose code generation, the unique constraints of Smart Contracts, such as gas consumption, security, and determinism, raise open questions about the reliability of LLM-generated Solidity code. Existing studies lack a comprehensive evaluation of these critical functional and non-functional properties. We benchmark four state-of-the-art models under zero-shot and retrieval-augmented generation settings across 500 real-world functions. Our multi-faceted assessment employs code similarity metrics, semantic embeddings, automated test execution, gas profiling, and cognitive and cyclomatic complexity analysis. Results show that while LLMs produce code with high semantic similarity to real contracts, their functional correctness is low: only 20% to 26% of zero-shot generations behave identically to ground-truth implementations under testing. The generated code is consistently simpler, with significantly lower complexity and gas consumption, often due to omitted validation logic. Retrieval-Augmented Generation markedly improves performance, boosting functional correctness by up to 45% and yielding more concise and efficient code. Our findings reveal a significant gap between semantic similarity and functional plausibility in LLM-generated Smart Contracts. We conclude that while RAG is a powerful enhancer, achieving robust, production-ready code generation remains a substantial challenge, necessitating careful expert validation.
Blockchain technologies are rapidly transforming both academia and industry. However, large-scale blockchain data collection remains prohibitively expensive, as many RPC providers only offer enhanced APIs with high pricing tiers that are unsuitable for budget-constrained research or industrial-scale applications, which has significantly slowed down academic studies and product development. Moreover, there is a clear lack of a systematic framework that allows flexible integration of new modules for analyzing on-chain data. To address these challenges, we introduce LinkXplore, the first open framework for collecting and managing on-chain data. LinkXplore enables users to bypass costly blockchain data providers by directly analyzing raw data from RPC queries or streams, thereby offering high-quality blockchain data at a fraction of the cost. Through a simple API and backend processing logic, any type of chain data can be integrated into the framework. This makes it a practical alternative for both researchers and developers with limited budgets. Code and dataset used in this project are publicly available at https://github.com/Linkis-Project/LinkXplore
Smart contracts are commonly audited through static analysis to explore vulnerabilities. However, static approaches typically produce heterogeneous findings rather than reproducible, executable proof-of-concept (PoC) test cases, leading to costly and ad hoc manual validation. Large language models (LLMs) offer a promising way to translate audit reports into PoC test cases, but face three major challenges: noisy inputs, lack of execution grounding, and missing runtime oracles. We present SmartPoC, an end-to-end approach for validating reported vulnerabilities in audit reports by generating and executing PoC test cases with automated exploitability verification. SmartPoC first extracts a focused function-level slice from each report to reduce noise, centering on the key functions referenced in a finding and augmenting them with execution-relevant neighbors. To improve executability, we wrap LLM-based PoC synthesis in a generate-repair-execute loop, combining deterministic pre-execution sanitization with feedback-driven post-execution debugging. We further use differential verification as an oracle to confirm the exploitability of generated test cases. On the SmartBugs-Vul and FORGE-Vul benchmarks, SmartPoC achieves confirmation precision of 98.32% and 98.65%, with recall of 84.17% and 85.28%, respectively. On a recent Etherscan verified-source corpus, SmartPoC confirms 64 bugs from 545 audit findings at an average cost of $0.03.
A long road trip is fun for drivers. However, a long drive for days can be tedious for a driver to accommodate stringent deadlines to reach distant destinations. Such a scenario forces drivers to drive extra miles, utilizing extra hours daily without sufficient rest and breaks. Once a driver undergoes such a scenario, it occasionally triggers drowsiness during driving. Drowsiness in driving can be life-threatening to any individual and can affect other drivers' safety; therefore, a real-time detection system is needed. To identify fatigued facial characteristics in drivers and trigger the alarm immediately, this research develops a real-time driver drowsiness detection system utilizing deep convolutional neural networks (DCNNs) and OpenCV.Our proposed and implemented model takes real- time facial images of a driver using a live camera and utilizes a Python-based library named OpenCV to examine the facial images for facial landmarks like sufficient eye openings and yawn-like mouth movements. The DCNNs framework then gathers the data and utilizes a per-trained model to detect the drowsiness of a driver using facial landmarks. If the driver is identified as drowsy, the system issues a continuous alert in real time, embedded in the Smart Car technology.By potentially saving innocent lives on the roadways, the proposed technique offers a non-invasive, inexpensive, and cost-effective way to identify drowsiness. Our proposed and implemented DCNNs embedded drowsiness detection model successfully react with NTHU-DDD dataset and Yawn-Eye-Dataset with drowsiness detection classification accuracy of 99.6% and 97% respectively.
Decentralized Finance (DeFi) staking is one of the most prominent applications within the DeFi ecosystem, where DeFi projects enable users to stake tokens on the platform and reward participants with additional tokens. However, logical defects in DeFi staking could enable attackers to claim unwarranted rewards by manipulating reward amounts, repeatedly claiming rewards, or engaging in other malicious actions. To mitigate these threats, we conducted the first study focused on defining and detecting logical defects in DeFi staking. Through the analysis of 64 security incidents and 144 audit reports, we identified six distinct types of logical defects, each accompanied by detailed descriptions and code examples. Building on this empirical research, we developed SSR (Safeguarding Staking Reward), a static analysis tool designed to detect logical defects in DeFi staking contracts. SSR utilizes a large language model (LLM) to extract fundamental information about staking logic and constructs a DeFi staking model. It then identifies logical defects by analyzing the model and the associated semantic features. We constructed a ground truth dataset based on known security incidents and audit reports to evaluate the effectiveness of SSR. The results indicate that SSR achieves an overall precision of 92.31%, a recall of 87.92%, and an F1-score of 88.85%. Additionally, to assess the prevalence of logical defects in real-world smart contracts, we compiled a large-scale dataset of 15,992 DeFi staking contracts. SSR detected that 3,557 (22.24%) of these contracts contained at least one logical defect.
The NFT ecosystem represents an interconnected, decentralized environment that encompasses the creation, distribution, and trading of Non-Fungible Tokens (NFTs), where key actors, such as marketplaces, sellers, and buyers, utilize smart contracts to facilitate secure, transparent, and trustless transactions. Scam tokens are deliberately created to mislead users and facilitate financial exploitation, posing significant risks in the NFT ecosystem. Prior work has explored the NFT ecosystem from various perspectives, including security challenges, actor behaviors, and risks from scams and wash trading, leaving a gap in understanding the semantics and interactions of smart contracts during transactions, and how the risks associated with scam tokens manifest in relation to the semantics and interactions of contracts. To bridge this gap, we conducted a large-scale empirical study on smart contract semantics and interactions in the NFT ecosystem, using a curated dataset of nearly 100 million transactions across 20 million blocks on Ethereum. We observe a limited semantic diversity among smart contracts in the NFT ecosystem, dominated by proxy, token, and DeFi contracts. Marketplace and proxy registry contracts are the most frequently involved in smart contract interactions during transactions, engaging with a broad spectrum of contracts in the ecosystem. Token contracts exhibit bytecode-level diversity, whereas scam tokens exhibit bytecode convergence. Certain interaction patterns between smart contracts are common to both risky and non-risky transactions, while others are predominantly associated with risky transactions. Based on our findings, we provide recommendations to mitigate risks in the blockchain ecosystem, and outline future research directions.
Web3 applications, built on blockchain technology, manage billions of dollars in digital assets through decentralized applications (dApps) and smart contracts. These systems rely on complex, software supply chains that introduce significant security vulnerabilities. This paper examines the software supply chain security challenges unique to the Web3 ecosystem, where traditional Web2 software supply chain problems intersect with the immutable and high-stakes nature of blockchain technology. We analyze the threat landscape and propose mitigation strategies to strengthen the security posture of Web3 systems.
Fuzzing is a widely used technique for detecting vulnerabilities in smart contracts, which generates transaction sequences to explore the execution paths of smart contracts. However, existing fuzzers are falling short in detecting sophisticated vulnerabilities that require specific attack transaction sequences with proper inputs to trigger, as they (i) prioritize code coverage over vulnerability discovery, wasting considerable effort on non-vulnerable code regions, and (ii) lack semantic understanding of stateful contracts, generating numerous invalid transaction sequences that cannot pass runtime execution. In this paper, we propose SmartFuzz, a novel collaborative reflective fuzzer for smart contract vulnerability detection. It employs large language model-driven agents as the fuzzing engine and continuously improves itself by learning and reflecting through interactions with the environment. Specifically, we first propose a new Continuous Reflection Process (CRP) for fuzzing smart contracts, which reforms the transaction sequence generation as a self-evolving process through continuous reflection on feedback from the runtime environment. Then, we present the Reactive Collaborative Chain (RCC) to orchestrate the fuzzing process into multiple sub-tasks based on the dependencies of transaction sequences. Furthermore, we design a multi-agent collaborative team, where each expert agent is guided by the RCC to jointly generate and refine transaction sequences from both global and local perspectives. We conduct extensive experiments to evaluate SmartFuzz's performance on real-world contracts and DApp projects. The results demonstrate that SmartFuzz outperforms existing state-of-the-art tools: (i) it detects 5.8\%-74.7\% more vulnerabilities within 30 minutes, and (ii) it reduces false negatives by up to 80\%.
Smart Contract Reusable Components(SCRs) play a vital role in accelerating the development of business-specific contracts by promoting modularity and code reuse. However, the risks associated with SCR usage violations have become a growing concern. One particular type of SCR usage violation, known as a logic-level usage violation, is becoming especially harmful. This violation occurs when the SCR adheres to its specified usage rules but fails to align with the specific business logic of the current context, leading to significant vulnerabilities. Detecting such violations necessitates a deep semantic understanding of the contract's business logic, including the ability to extract implicit usage patterns and analyze fine-grained logical behaviors. To address these challenges, we propose SCRUTINEER, the first automated and practical system for detecting logic-level usage violations of SCRs. First, we design a composite feature extraction approach that produces three complementary feature representations, supporting subsequent analysis. We then introduce a Large Language Model-powered knowledge construction framework, which leverages comprehension-oriented prompts and domain-specific tools to extract logic-level usage and build the SCR knowledge base. Next, we develop a Retrieval-Augmented Generation-driven inspector, which combines a rapid retrieval strategy with both comprehensive and targeted analysis to identify potentially insecure logic-level usages. Finally, we implement a logic-level usage violation analysis engine that integrates a similarity-based checker and a snapshot-based inference conflict checker to enable accurate and robust detection. We evaluate SCRUTINEER from multiple perspectives on 3 ground-truth datasets. The results show that SCRUTINEER achieves a precision of 80.77%, a recall of 82.35%, and an F1-score of 81.55% in detecting logic-level usage violations of SCRs.
Smart contracts have significantly advanced blockchain technology, and digital signatures are crucial for reliable verification of contract authority. Through signature verification, smart contracts can ensure that signers possess the required permissions, thus enhancing security and scalability. However, lacking checks on signature usage conditions can lead to repeated verifications, increasing the risk of permission abuse and threatening contract assets. We define this issue as the Signature Replay Vulnerability (SRV). In this paper, we conducted the first empirical study to investigate the causes and characteristics of the SRVs. From 1,419 audit reports across 37 blockchain security companies, we identified 108 with detailed SRV descriptions and classified five types of SRVs. To detect these vulnerabilities automatically, we designed LASiR, which utilizes the general semantic understanding ability of Large Language Models (LLMs) to assist in the static taint analysis of the signature state and identify the signature reuse behavior. It also employs path reachability verification via symbolic execution to ensure effective and reliable detection. To evaluate the performance of LASiR, we conducted large-scale experiments on 15,383 contracts involving signature verification, selected from the initial dataset of 918,964 contracts across four blockchains: Ethereum, Binance Smart Chain, Polygon, and Arbitrum. The results indicate that SRVs are widespread, with affected contracts holding $4.76 million in active assets. Among these, 19.63% of contracts that use signatures on Ethereum contain SRVs. Furthermore, manual verification demonstrates that LASiR achieves an F1-score of 87.90% for detection. Ablation studies and comparative experiments reveal that the semantic information provided by LLMs aids static taint analysis, significantly enhancing LASiR's detection performance.
Vivi Andersson, Sofia Bobadilla, Harald Hobbelhagen, Martin Monperrus
Smart contracts operate in a highly adversarial environment, where vulnerabilities can lead to substantial financial losses. Thus, smart contracts are subject to security audits. In auditing, proof-of-concept (PoC) exploits play a critical role by demonstrating to the stakeholders that the reported vulnerabilities are genuine, reproducible, and actionable. However, manually creating PoCs is time-consuming, error-prone, and often constrained by tight audit schedules. We introduce PoCo, an agentic framework that automatically generates executable PoC exploits from natural-language vulnerability descriptions written by auditors. PoCo autonomously generates PoC exploits in an agentic manner by interacting with a set of code-execution tools in a Reason–Act–Observe loop. It produces fully executable exploits compatible with the Foundry testing framework, ready for integration into audit reports and other security tools. We evaluate PoCo on a dataset of 23 real-world vulnerability reports. PoCo consistently outperforms the Zero-shot and Workflow baselines, generating well-formed and logically correct PoCs. Our results demonstrate that agentic frameworks can significantly reduce the effort required for high-quality PoCs in smart contract audits. Our contribution provides actionable knowledge for the smart contract security community.
Workday's compliance with global standards -- such as GDPR, SOC 2, HIPAA, ISO 27001, and FedRAMP -- shows its ability to best protect critical financial, healthcare, and government data.Automated compliance attributes like audit trails, behavioral analytics, and continuous reporting improve automation of the process and cut down on the manual effort to audit. A comparative review demonstrates enhanced risk management, operational flexibility, and breach mitigation. The paper also discusses potential future solutions with AI, ML and blockchain, to enhance attackdetection and data integrity. Overall, Workday turns out to be a secure, compliant and future-ready ERP solution. The paper also explores emerging trends, including the integration of AI, machine learning, and blockchain technologies to enhance next-generation threat detection and data integrity. The findings position Workday as a reliable, compliant, and future-ready ERP solution, setting a new benchmark for secure enterprise cloud management.
Filippo Scaramuzza, Renato Cordeiro Ferreira, Giovanni Quattrocchi, Damian Andrew Tamburri · 5 authors
Classical software verification and validation techniques, such as procedural audits, formal methods, or model documentation, are the traditional mechanisms used to achieve the verifiable accountability now required by regulations like the EU AI Act. These methods are either expensive or heavily manual, and ill-suited for the opaque, "black box" nature of most Artificial Intelligence (AI) models. A conflict arises: high auditability and verifiability are required by law, but such transparency conflicts with the need to protect the assets being audited (e.g., confidential data and proprietary models). This paper introduces ZKMLOps, an \ac{MLOps} verification framework that operationalizes Zero-Knowledge Proofs (ZKPs) within Machine-Learning Operations lifecycles; a ZKP allows a prover to convince a verifier that a statement is true without revealing any information about the statement itself. By integrating ZKP with established software engineering patterns, ZKMLOps provides a modular and repeatable process for generating verifiable cryptographic evidence-proofs of well-defined computational statements about the audited model and its inputs-that auditors can use as input to a regulatory compliance determination. We evaluate the framework along two dimensions. First, framework viability: orchestration overhead is bounded and stable across architecturally heterogeneous ZKP backends and models of increasing size. Second, cost-versus-assurance trade-offs: the audit-on-demand setting is the regime in which full zero-knowledge auditing is the appropriate tool, where it provides confidentiality and integrity guarantees that lighter-weight alternatives cannot match.
Smart contract vulnerabilities cost billions of dollars annually, yet existing automated analysis tools fail to generate deployable defenses. We present FLAMES, a novel automated approach that synthesizes executable runtime guards as Solidity "require" statements to harden smart contracts against exploits. Unlike prior work that relies on vulnerability labels, symbolic analysis, or natural language specifications, FLAMES employs domain-adapted large language models trained through fill-in-the-middle supervised fine-tuning on real-world invariants extracted from 514,506 verified contracts. Our extensive evaluation across three dimensions demonstrates FLAMES's effectiveness: (1) Compilation: FLAMES achieves 96.7% compilability for synthesized invariant (2) Semantic Quality: on a curated test set of 5,000 challenging invariants, FLAMES produces exact or semantically equivalent matches to ground truth in 44.5% of cases; (3) Exploit Mitigation: FLAMES prevents 22 out of 108 real exploits (20.4%) while preserving contract functionality, and (4) FLAMES successfully blocks the real-world APEMAGA incident by synthesizing a pre-condition that mitigates the attack. FLAMES establishes that domain-adapted LLMs can automatically generate production-ready security defenses for smart contracts without requiring vulnerability detection, formal specifications, or human intervention. We release our code, model weights, datasets, and evaluation infrastructure to enable reproducible research in this critical domain.
Decentralized Finance (DeFi) smart contracts manage billions of dollars, making them a prime target for exploits. Price manipulation vulnerabilities, often via flash loans, are a devastating class of attacks causing significant financial losses. Existing detection methods are limited. Reactive approaches analyze attacks only after they occur, while proactive static analysis tools rely on rigid, predefined heuristics, limiting adaptability. Both depend on known attack patterns, failing to identify novel variants or comprehend complex economic logic. We propose PMDetector, a hybrid framework combining static analysis with Large Language Model (LLM)-based reasoning to proactively detect price manipulation vulnerabilities. Our approach uses a formal attack model and a three-stage pipeline. First, static taint analysis identifies potentially vulnerable code paths. Second, a two-stage LLM process filters paths by analyzing defenses and then simulates attacks to evaluate exploitability. Finally, a static analysis checker validates LLM results, retaining only high-risk paths and generating comprehensive vulnerability reports. To evaluate its effectiveness, we built a dataset of 73 real-world vulnerable and 288 benign DeFi protocols. Results show PMDetector achieves 88% precision and 90% recall with Gemini 2.5-flash, significantly outperforming state-of-the-art static analysis and LLM-based approaches. Auditing a vulnerability with PMDetector costs just $0.03 and takes 4.0 seconds with GPT-4.1, offering an efficient and cost-effective alternative to manual audits.
Problem Space: AI Vulnerabilities and Quantum Threats Generative AI vulnerabilities: model inversion, data poisoning, adversarial inputs. Quantum threats Shor Algorithm breaking RSA ECC encryption. Challenge Secure generative AI models against classical and quantum cyberattacks. Proposed Solution Collaborative Penetration Testing Suite Five Integrated Components: DAST SAST OWASP ZAP, Burp Suite, SonarQube, Fortify. IAST Contrast Assess integrated with CI CD pipeline. Blockchain Logging Hyperledger Fabric for tamper-proof logs. Quantum Cryptography Lattice based RLWE protocols. AI Red Team Simulations Adversarial ML & Quantum-assisted attacks. Integration Layer: Unified workflow for AI, cybersecurity, and quantum experts. Key Results 300+ vulnerabilities identified across test environments. 70% reduction in high-severity issues within 2 weeks. 90% resolution efficiency for blockchain-logged vulnerabilities. Quantum-resistant cryptography maintained 100% integrity in tests. Outcome: Quantum AI Security Protocol integrating Blockchain Quantum Cryptography AI Red Teaming.
Chong Chen, Jiachi Chen, Lingfeng Bao, David F. Lo · 10 authors
Smart contract vulnerabilities, particularly improper Access Control that allows unauthorized execution of restricted functions, have caused billions of dollars in losses. GitHub hosts numerous smart contract repositories containing source code, documentation, and configuration files-these serve as intermediate development artifacts that must be compiled and packaged before deployment. Third-party developers often reference, reuse, or fork code from these repositories during custom development. However, if the referenced code contains vulnerabilities, it can introduce significant security risks. Existing tools for detecting smart contract vulnerabilities are limited in their ability to handle complex repositories, as they typically require the target contract to be compilable to generate an abstract representation for further analysis. This paper presents TRACE, a tool designed to secure non-compilable smart contract repositories against access control vulnerabilities. TRACE employs LLMs to locate sensitive functions involving critical operations (e.g., transfer) within the contract and subsequently completes function snippets into a fully compilable contract. TRACE constructs a function call graph from the abstract syntax tree (AST) of the completed contract. It uses the control flow graph (CFG) of each function as node information. The nodes of the sensitive functions are then analyzed to detect Access Control vulnerabilities. Experimental results demonstrate that TRACE outperforms state-of-the-art tools on an open-sourced CVE dataset, detecting 14 out of 15 CVEs. In addition, it achieves 89.2% precision on 5,000 recent on-chain contracts, far exceeding the best existing tool at 76.9%. On 83 real-world repositories, TRACE achieves 87.0% precision, significantly surpassing DeepSeek-R1's 14.3%.
New technologies, such as blockchain, are designed to address various system weaknesses, particularly those related to security. Blockchain can enhance numerous aspects of traditional banking systems by transforming them into digital, immutable, secure, and anonymous ledger. This paper proposes a new banking application ALBank, which is based on blockchain and smart contract technologies. Its functionality relies on invoking functions within smart contracts deployed on the Ethereum blockchain. This approach enables decentralization and enhances both security and trust. In this context, the paper first presents a critical analysis of existing research on blockchain and traditional banking systems, with a focus on their respective challenges. It then examines the Know Your Customer (KYC) process and its various models. Finally, it introduces the design and development of ALBank, a decentralized banking application built on the Ethereum blockchain using smart contracts. The results show that the integration of blockchain and smart contracts effectively addresses key issues in traditional banking systems, including centralization, inefficiency, and security vulnerabilities by storing critical data on a decentralized, immutable ledger, managing processes autonomously, and making transactions transparent to all users.
Maximal Extractable Value (MEV) refers to a class of attacks to decentralized applications where the adversary profits by manipulating the ordering, inclusion, or exclusion of transactions in a blockchain. Decentralized Finance (DeFi) protocols are a primary target of these attacks, as their logic depends critically on transaction sequencing. To date, MEV attacks have already extracted billions of dollars in value, underscoring their systemic impact on blockchain security. Verifying the absence of MEV attacks requires determining suitable upper bounds, i.e. proving that no adversarial strategy can extract more value (if any) than expected by protocol designers. This problem is notoriously difficult: the space of adversarial strategies is extremely vast, making empirical studies and pen-and-paper reasoning insufficiently rigorous. In this paper, we present the first mechanized formalization of MEV in the Lean theorem prover. We introduce a methodology to construct machine-checked proofs of MEV bounds, providing correctness guarantees beyond what is possible with existing techniques. To demonstrate the generality of our approach, we model and analyse the MEV of two paradigmatic DeFi protocols. Notably, we develop the first machine-checked proof of the optimality of sandwich attacks in Automated Market Makers, a fundamental DeFi primitive.
Formal verification entails testing software to ensure it operates as specified. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They run on blockchain platforms and automatically enforce and execute the terms of an agreement when meeting predefined conditions. However, Smart Contracts, as software models, often contain notable errors in their operation or specifications. This observation prompts us to conduct a focused study examining related works published across various sources. These publications detail specifications, verification tools, and relevant experiments. Subsequently, this survey proposes an alternative formal verification based on description logic.
Cryptocurrency money-laundering forensic analysis after Web3 incidents faces challenges such as fragmented evidence, expanding transaction paths, and cross-chain discontinuity. Existing Web3 AML methods largely rely on manual clues and heuristic or graph-search-based tracing, with outputs limited to lists of suspicious addresses and lacking path-level evidence and verifiable explanations. Directly applying general-purpose large language models to raw transaction flows also struggles to ensure evidence constraints and result verifiability. To address these limitations, this paper presents RISKTAGGER, an LLM-guided agent for forensic tracing of Web3 cryptocurrency money laundering. RISKTAGGER embeds the LLM as an evidence-constrained decision component within a controlled tracing loop. It extracts case clues from public incident materials, recursively expands a risk-labeled fund-flow graph over on-chain evidence, and generates evidence-organized reports for analyst review. We evaluate it on five real-world incidents spanning multiple years and covering heterogeneous attack patterns and laundering path structures. We further conduct cross-case generalization analysis, baseline comparison, component ablation, and LLM backend analysis. In the main Bybit case, the system achieves a 97.33% address recall and a 98.69% expert-reviewed sampled address precision. Across the other four incidents, it achieves 95.24-100.00% address recall and 91.27-100.00% expert-reviewed address precision. The cross-case results further show that the complexity of Web3 money laundering arises from heterogeneous mechanisms, including short-cycle fund fragmentation, long-range laundering paths, interwoven DeFi services, and deterministic denomination splitting. RISKTAGGER can recover case-related fund paths, identify high-priority risk accounts, and organize public evidence into verifiable forensic reports.
Kypros Iacovou, Georgia M. Kapitsaki, Evangelia Vanezi
Open Source Software (OSS) is widely used and carries licenses that indicate the terms under which the software is provided for use, also specifying modification and distribution rules. Ensuring that users are respecting OSS license terms when creating derivative works is a complex process. Compliance issues arising from incompatibilities among licenses may lead to legal disputes. At the same time, the blockchain technology with immutable entries offers a mechanism to provide transparency when it comes to licensing and ensure software changes are recorded. In this work, we are introducing an integration of blockchain and license management when creating derivative works, in order to tackle the issue of OSS license compatibility. We have designed, implemented and performed a preliminary evaluation of FOSS-chain, a web platform that uses blockchain and automates the license compliance process, covering 14 OSS licenses. We have evaluated the initial prototype version of the FOSS-chain platform via a small scale user study. Our preliminary results are promising, demonstrating the potential of the platform for adaptation on realistic software systems.