Blockchain technologies have experienced rapid adoption across various sectors, including supply chain management, decentralized finance and cross-border payments. With this growth, however, the complexity and security risks of maintaining blockchain integrity and functionality have increased. Addressing these challenges requires a systematic and rigorous organization of knowledge in blockchain security. This paper presents a Systematization of Knowledge (SoK) study based on a structured survey of academic literature, industry reports and real-world case studies. The authors classify vulnerabilities into three layers: system-level, smart contract-level and application-level, analyzing their root causes, real-world prevalence and mitigation tradeoffs. The taxonomy encompasses blockchain-specific threats (e.g. gas-based DoS attacks, MEV) as well as vulnerabilities inherited from distributed systems and software (e.g. Sybil attacks, access control failures). The authors critically evaluate detection and mitigation techniques, including static and dynamic analysis, fuzzing, symbolic execution and formal verification, assessing their precision, recall, scalability and inherent limitations. The authors further review state-of-the-art auditing tools in terms of methodology, adoption and shortcomings. Finally, the authors discuss advanced approaches such as hybrid frameworks that combine AI with program analysis, SMT solvers, and zero-knowledge proofs, outlining how these can address current gaps in scalability, interpretability and runtime verification. Overall, this study systematizes the security landscape of blockchain technologies, synthesizes the limitations of current approaches, and identifies technically actionable future research directions toward building more robust and resilient blockchain systems.
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Behkish Nassirzadeh
Rui Xi
Karthik Pattabiraman
Foundations and Trends® in Privacy and Security
University of British Columbia
Georgia Institute of Technology
University of Waterloo
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Nassirzadeh et al. (Wed,) studied this question.
www.synapsesocial.com/papers/6a03cbfc1c527af8f1ecfdc0 — DOI: https://doi.org/10.1108/ftsec-06-2025-0049