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Abstract

Recent studies have shown that semantic watermarks, which embed information into the initial noise of latent diffusion models (LDMs), are vulnerable to black-box forgery attacks. However, existing methods primarily rely on empirical evidence and lack a rigorous theoretical understanding of the conditions under which such attacks succeed or fail. To bridge this gap, we rethink the nature of such attacks through the lens of ratedistortion in the latent space. Our analysis identifies an irreducible distortion floor due to structural mismatches between proxy and target models, which fundamentally limits the fidelity of forged watermarks. We further characterize this distortion as structured geometric deviations on the latent manifold, in the form of global drift and local deformation rather than stochastic noise. Leveraging these insights, we propose a scheme-agnostic detection method that distinguishes forged samples before watermark verification. Extensive experiments demonstrate the effectiveness of our method across diverse black-box scenarios, while preserving robustness to common distortions.