Tsz Hon Yuen

Yuexin Xiang, Yuchen Lei, SM Mahir Shazeed Rish et al.

Stablecoins such as USDT and USDC aspire to peg stability by coupling issuance controls with reserve attestations. In practice, however, the transparency is split across two worlds: verifiable on-chain traces and off-chain disclosures locked in unstructured text that are unconnected. We introduce a large language model (LLM)-based automated framework that bridges these two dimensions by aligning on-chain issuance data with off-chain disclosure statements. First, we propose an integrative framework using LLMs to capture and analyze on- and off-chain data through document parsing and semantic alignment, extracting key financial indicators from issuer attestations and mapping them to corresponding on-chain metrics. Second, we integrate multi-chain issuance records and disclosure documents within a model context protocol (MCP) framework that standardizes LLMs access to both quantitative market data and qualitative disclosure narratives. This framework enables unified retrieval and contextual alignment across heterogeneous stablecoin information sources and facilitates consistent analysis. Third, we demonstrate the capability of LLMs to operate across heterogeneous data modalities in blockchain analytics, quantifying discrepancies between reported and observed circulation and examining their implications for cross-chain transparency and price dynamics. Our findings reveal systematic gaps between disclosed and verifiable data, showing that LLM-assisted analysis enhances cross-modal transparency and supports automated, data-driven auditing in decentralized finance (DeFi).

Rouzbeh Behnia, Attila A. Yavuz, Muslum Ozgur Ozmen et al.

Certificates ensure the authenticity of users' public keys, however their overhead (e.g., certificate chains) might be too costly for some IoT systems like aerial drones. Certificate-free cryptosystems, like identity-based and certificateless systems, lift the burden of certificates and could be a suitable alternative for such IoTs. However, despite their merits, there is a research gap in achieving compatible identity-based and certificateless systems to allow users from different domains (identity-based or certificateless) to communicate seamlessly. Moreover, more efficient constructions can enable their adoption in resource-limited IoTs. In this work, we propose new identity-based and certificateless cryptosystems that provide such compatibility and efficiency. This feature is beneficial for heterogeneous IoT settings (e.g., commercial aerial drones), where different levels of trust/control is assumed on the trusted third party. Our schemes are more communication efficient than their public key based counterparts, as they do not need certificate processing. Our experimental analysis on both commodity and embedded IoT devices show that, only with the cost of having a larger system public key, our cryptosystems are more computation and communication efficient than their certificate-free counterparts. We prove the security of our schemes (in the random oracle model) and open-source our cryptographic framework for public testing/adoption.

Yuchen Lei, Yuexin Xiang, Qin Wang et al.

Cryptocurrencies are widely used, yet current methods for analyzing transactions often rely on opaque, black-box models. While these models may achieve high performance, their outputs are usually difficult to interpret and adapt, making it challenging to capture nuanced behavioral patterns. Large language models (LLMs) have the potential to address these gaps, but their capabilities in this area remain largely unexplored, particularly in cybercrime detection. In this paper, we test this hypothesis by applying LLMs to real-world cryptocurrency transaction graphs, with a focus on Bitcoin, one of the most studied and widely adopted blockchain networks. We introduce a three-tiered framework to assess LLM capabilities: foundational metrics, characteristic overview, and contextual interpretation. This includes a new, human-readable graph representation format, LLM4TG, and a connectivity-enhanced transaction graph sampling algorithm, CETraS. Together, they significantly reduce token requirements, transforming the analysis of multiple moderately large-scale transaction graphs with LLMs from nearly impossible to feasible under strict token limits. Experimental results demonstrate that LLMs have outstanding performance on foundational metrics and characteristic overview, where the accuracy of recognizing most basic information at the node level exceeds 98.50% and the proportion of obtaining meaningful characteristics reaches 95.00%. Regarding contextual interpretation, LLMs also demonstrate strong performance in classification tasks, even with very limited labeled data, where top-3 accuracy reaches 72.43% with explanations. While the explanations are not always fully accurate, they highlight the strong potential of LLMs in this domain. At the same time, several limitations persist, which we discuss along with directions for future research.