MistTrack Quarterly Update: Risk Decay Model, Connection Path Analysis, and Developer Plan

In practical blockchain compliance and risk analysis scenarios, an address risk score is only a starting point. More importantly, organizations need to assess the strength of risk propagation across complex fund flows, identify how risk is transmitted, and strike a balance between efficiency and accuracy.

To address these challenges, MistTrack has recently introduced a series of feature upgrades, systematically enhancing both analytical capabilities and developer accessibility. These updates help users perform more granular and explainable on-chain risk assessments across different business scenarios. Key updates include:

• Support for indirect risk decay settings
• New risk fund association path analysis
• Launch of the Telegram AML Bot for faster inquiries
• Introduction of a pay-as-you-go Developer Plan to improve accessibility for low-volume users

Register and experience MistTrack here:

https://dashboard.misttrack.io/

Indirect Exposure Risk Decay

In AML analysis, hops are a key indicator used to measure the degree of association between an address and a risky entity. Generally, the closer an address is to the risk source, the higher its exposure. Conversely, as the number of intermediary hops increases, the actual impact of the risk may gradually diminish.

However, in practice, different institutions have varying levels of risk tolerance and assessment standards:

• Some scenarios prioritize conservative compliance and require amplification of all potential risks.
• Others emphasize precise risk evaluation and seek to reduce false positives caused by distant associations.

To accommodate these differing requirements, MistTrack now introduces Indirect Exposure Risk Decay, allowing users to customize the risk propagation model according to their own strategies.

Two Available Modes

1. Enable Risk Decay

Suitable for scenarios that require a closer reflection of actual risk exposure and reduced false positives.

Under this mode, the system applies a predefined decay algorithm to risk weights. For every additional hop, that path’s contribution to the final risk score is reduced by 40%.

2. Disable Risk Decay

Suitable for highly regulated or risk-sensitive business environments.

Under this mode, risk weights are always calculated at 100%, regardless of the number of intermediary hops, with no decay applied.

Scope of Application

Once adjusted, the setting will automatically apply to:

• MistTrack Web risk score queries
• Risk Score API results

Configuration Page

https://dashboard.misttrack.io/risk-setting

Risk Fund Association Paths

During on-chain investigations, complex transaction graphs often make manual tracing inefficient and error-prone.

When analyzing high-frequency trading addresses, a single address may interact with thousands of counterparties. Attempting to expand nodes within a transaction graph can quickly overwhelm the screen with information. Moreover, manually tracing these structures is susceptible to mistakes; overlooking a single intermediary node may break the entire investigative trail.

To address this challenge, MistTrack introduces Association Paths, providing a clear visualization of fund flow relationships between an address and the original risk source.

When preparing a Suspicious Transaction Report (STR) or reporting to regulators, compliance officers can reference specific path layers (such as Layer-1 to Layer-3) as deterministic evidence, meeting audit and regulatory requirements for explainability.

The path view also clearly distinguishes between direct and indirect associations.

• Direct Association (Direct): The user is directly connected to a risky entity.
• Indirect Association (Indirect): The association may result from fund contamination through intermediary transactions.

Compliance officers can evaluate the number of hops, fund amounts, and transaction proportions to determine whether Enhanced Due Diligence (EDD) should be conducted or whether direct restrictive measures are warranted.

This approach helps avoid unnecessary restrictions on legitimate users while ensuring that high-risk targets are not overlooked.

In addition, complex transaction structures are not always easy to understand through list-based views alone. To solve this, MistTrack has launched the Risk Fund Connection Graph, which visually reconstructs fund flow relationships between addresses and risky entities.

By clicking the Risk Graph button, users can view complete risk-related transaction relationships, transaction amounts, and risky entity addresses, enabling rapid understanding of the overall structure and identification of critical risk paths.

Pay-As-You-Go Developer Plan

An increasing number of developers and small-to-medium-sized teams are looking to integrate on-chain risk analysis capabilities into their own products and services. However, traditional subscription models often present barriers in both pricing and flexibility.

To address this need, MistTrack officially launches the Developer Plan, a pay-as-you-go offering starting at $20 per year, providing access to core on-chain risk management capabilities with lower entry costs and greater flexibility.

Users only need to purchase the number of API calls they expect to use, eliminating the cost of unused capacity. This model is particularly suitable for workloads with fluctuating demand.

The plan supports up to 10 QPS concurrent requests, meeting the real-time risk control needs of small and medium-sized businesses while maintaining both performance and stability.

Purchase page:

https://dashboard.misttrack.io/upgrade

MistTrack AML Bot

We have also launched the MistTrack AML Bot, extending on-chain risk analysis capabilities directly to Telegram.

For users subscribed to an API-enabled plan (Standard, Compliance, Enterprise, or Developer Plan), once the MistTrack AML Bot is connected, there is no need to log in to the MistTrack dashboard.

Simply send an address through Telegram to quickly obtain risk scores and related analytical results.

Configuration page:

https://dashboard.misttrack.io/apikeys

Conclusion

Whether through Indirect Risk Decay Settings that enable risk modeling tailored to specific business requirements, Risk Fund Association Paths that improve analytical explainability, or Telegram AML Bot and the Developer Plan that lower adoption barriers, all of these updates share the same goal: enabling on-chain risk analysis to evolve from outcome-based assessment to process-level explainability.

Behind these capabilities lies the long-term accumulation of security intelligence and compliance expertise by SlowMist. Built upon eight years of technical experience, we have established a data ecosystem covering:

• 400M+ address labels
• 10K+ entities
• 500K+ threat intelligence records
• 90M+ risky addresses

This infrastructure supports:

• 19 major public blockchains
• 100+ tokens
• 14 stablecoins
• 25 risk categories

providing continuous and reliable foundational support for on-chain risk identification.

At the same time, these practical capabilities have received external recognition. SlowMist was awarded the FinTech Gold Award at the Hong Kong ICT Awards (HKICT Awards), demonstrating its technological value and implementation capabilities in the field of blockchain compliance.

Building upon this foundation, SlowMist KYT, the next-generation blockchain AML compliance platform developed by SlowMist, further integrates these capabilities into a comprehensive lifecycle AML solution covering:

• Risk identification
• In-depth investigation
• Automated response
• Audit trail retention

The platform helps Virtual Asset Service Providers (VASPs) establish configurable and auditable compliance frameworks in an ever-evolving regulatory environment.

To learn more about SlowMist KYT, request a product trial, or discuss procurement options, please contact us at kyt@slowmist.com. Our product team will get in touch with you as soon as possible.

About SlowMist

SlowMist is a threat intelligence firm focused on blockchain security, established in January 2018. The firm was started by a team with over ten years of network security experience to become a global force. Our goal is to make the blockchain ecosystem as secure as possible for everyone. We are now a renowned international blockchain security firm that has worked on various well-known projects such as HashKey Exchange, OSL, MEEX, BGE, BTCBOX, Bitget, BHEX.SG, OKX, Binance, HTX, Amber Group, Crypto.com, etc.

SlowMist offers a variety of services that include but are not limited to security audits, threat information, defense deployment, security consultants, and other security-related services. We also offer AML (Anti-money laundering) software, MistEye (Security Monitoring), SlowMist Hacked (Crypto hack archives), FireWall.x (Smart contract firewall) and other SaaS products. We have partnerships with domestic and international firms such as Akamai, BitDefender, RC², TianJi Partners, IPIP, etc. Our extensive work in cryptocurrency crime investigations has been cited by international organizations and government bodies, including the United Nations Security Council and the United Nations Office on Drugs and Crime.

By delivering a comprehensive security solution customized to individual projects, we can identify risks and prevent them from occurring. Our team was able to find and publish several high-risk blockchain security flaws. By doing so, we could spread awareness and raise the security standards in the blockchain ecosystem.