Papers for

cryptocurrency analysts

Papers whose findings have a practical use for this group, as judged from the abstract. Open a paper to read what it means in practice.

Solana bridges traced reliably despite missing logs and complex transactions

Heterogeneous Cross-Chain Transaction Tracing for Solana Bridges via Candidate-Set Selective Decision

Abstract: Solana is a rapidly growing high-throughput blockchain platform that has attracted substantial liquidity and user activity. However, this expansion has also drawn the attention of illicit actors, who frequently leverage cross-chain bridges to route illicit funds onto Solana to obfuscate transaction lineage. Unlike EVM-compatible platforms, Solana features distinct execution dynamics and lacks standard event logs, creating severe semantic gaps that prevent existing tracing methods from reliably correlating cross-ledger transactions. In this paper, we formalize four types of Solana-bound cross-chain transaction modes and propose a candidate-set selective decision-based tracing method called SolTracer. SolTracer maps disparate execution semantics into a unified event space and employs candidate-set selective decision-making to reliably associate target transactions while abstaining when valid targets are absent. Extensive experiments demonstrate that SolTracer outperforms state-of-the-art (SOTA) methods across three representative scenarios: closed-world association, open-world association, and cross-source-chain generalization. In particular, under the challenging open-world setting with a 50% TA ratio, SolTracer improves the F1 score by 20.16% over the strongest SOTA baseline. Utilizing SolTracer, we conduct an empirical analysis on real-world cross-chain transfers to investigate ecosystem dynamics. Our analysis explores the stark count-value divergence across bridge mechanisms, the prevalence of cross-asset shifts, and the decoupling between on-chain settlement and explorer visibility.

Thu 10 SeptCryptography and Security
The gist
Cross-chain bridges let users move digital money between blockchains, but criminals exploit them to hide where funds come from. Solana's blockchain works differently than others, making it hard to track transactions using existing tools. The authors designed a new method called SolTracer that better matches transactions across blockchains by understanding Solana's unique details. Their tests show SolTracer traces transactions more accurately than previous methods.
Open 2609.11413v1