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Code4rena announces it will gradually cease operations, with Immunefi taking over its clients and security researchers.
Deep Tide TechFlow News, May 14th, according to The Block, the smart contract auditing platform Code4rena announced that it will gradually cease operations, with Web3 security company Immunefi taking over its bug bounty clients and security researchers. Code4rena stated that all ongoing competitions and bounty projects will still be completed, and existing collaborations will be properly wrapped up. Immunefi said it will assist in migrating bug bounty scope, rules, and reward structures for related protocols.
Code4rena is known for its “competitive auditing” model, where researchers earn rewards by discovering smart contract vulnerabilities. The platform received $6 million in funding from Paradigm in 2023 and was acquired by Zellic in 2024.