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"Blockchain’s 2025 Security Showdown: How Trust Becomes the Biggest Weakness"

"Blockchain’s 2025 Security Showdown: How Trust Becomes the Biggest Weakness"

Bitget-RWA2025/09/18 20:10
By:Coin World

- OWASP 2025 updates top smart contract vulnerabilities, prioritizing access control flaws ($953M 2024 losses) and oracle manipulation in DeFi. - Blockchain security market grows to $28.6B by 2033 (17.3% CAGR) driven by adoption, cyberattacks, and AI-enhanced threat detection. - Private blockchains gain 68% business preference for controlled access, while public chains face scalability challenges despite stronger consensus. - Resonance Security emphasizes comprehensive protection beyond OWASP's list, addre

As blockchain technology advances, ensuring its security becomes ever more vital. Recent updates highlight both ongoing weaknesses and emerging protections in the sector. The Open Web Application Security Project (OWASP) has refreshed its 2025 list of the top 10 vulnerabilities impacting smart contracts, calling attention to the most urgent threats within blockchain environments. Notable risks include access control issues, price

manipulation, logical vulnerabilities, and insufficiently safeguarded external calls, among others. The revised OWASP report identifies access control failures as the principal hazard, responsible for $953.2 million in losses during 2024. Such flaws enable malicious actors to improperly take over smart contracts due to weak permission settings and inadequate role-based restrictions.

Manipulating price oracles is a mounting problem, especially in decentralized finance (DeFi), where bad actors can distort asset prices and trigger financial damages or erroneous trades. The 2025 update introduces flash loan exploits as an additional concern, highlighting the dangers associated with borrowing large sums without collateral in a single transaction. Issues like reliance on timestamps and gas limit restrictions have been downgraded or omitted thanks to improvements such as

VRF implementations and advances in gas efficiency.

The changing nature of these risks demonstrates the necessity for ongoing evolution in blockchain security strategies. For example, reentrancy attacks—where an adversary invokes the same contract before its initial action is complete—have slipped from the top spot but still pose serious threats, particularly for yield farming and lending platforms. Developers are encouraged to implement the Checks-Effects-Interactions pattern and use reentrancy guards to counteract these vulnerabilities. Likewise, errors in business logic—which can open the door to financial abuse—have climbed in importance due to their growing occurrence and potential impact.

Security differences between public and private blockchains are also significant. Public chains like

and emphasize openness and decentralization, but encounter scalability and energy use issues. On the other hand, private blockchains provide greater control and efficiency, yet may be at higher risk of manipulation given their centralized nature. Data from 2025 shows 68% of organizations prefer private chains for better control over data and improved confidentiality. These environments enable restricted access and custom security policies, making them ideal for sectors that face strict regulatory demands, such as finance and healthcare. Nonetheless, public blockchains benefit from robust verification systems and broad consensus, which foster higher levels of trust and openness among participants.

The demand for blockchain security solutions is surging, with the global market projected to rise from USD 5.7 billion in 2023 to USD 28.6 billion by 2033, reflecting a 17.3% compound annual growth rate. This trend is driven by wider blockchain adoption, escalating cyber threats, and growing regulatory requirements. Key protective measures like encryption, identity solutions, and compliance tools are becoming increasingly vital for organizations operating within the blockchain space. The application of artificial intelligence (AI) and machine learning (ML) is also set to improve threat identification and response, further propelling the industry’s expansion.

Despite these positive developments, obstacles such as the absence of unified security standards and the high cost of deploying protections still hinder more widespread adoption. Additionally, a shortage of qualified blockchain security professionals remains a pressing challenge, as emphasized by the National Institute of Standards and Technology (NIST). Overcoming these issues will require increased investment in workforce development, education, and partnerships across the industry. Rapidly growing markets in Asia Pacific, Latin America, and Africa offer new prospects for security providers as these regions turn to blockchain for cross-border payments, supply logistics, and medical applications.

The ever-shifting threat landscape calls for a well-rounded and proactive approach to blockchain security. While the OWASP Top 10 is a valuable reference, it does not cover every threat. Other dangers, including social engineering, phishing, governance attacks, and human mistakes, are equally important to address. Resonance Security’s methodology goes beyond the OWASP list, focusing on recognizing and defending against every possible point of attack. This comprehensive view is critical for maintaining the security and reliability of blockchain projects in a complex and dynamic environment.

In the end, protecting blockchain infrastructures requires a blend of advanced technical defenses, adherence to regulations, and ongoing innovation. As blockchain continues to develop, so too must the approaches to safeguarding it. Engineers, auditors, and cybersecurity experts must stay alert, making use of both established guidelines and cutting-edge tools to ensure the safety of decentralized systems.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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