Immunefi to absorb Code4rena bug bounty customers after shutdown decision
Code4rena is shutting down its competitive auditing platform, with Immunefi stepping in to support the migration of its bug bounty customers.Summary
Competitive smart contract auditing platform Code4rena has announced plans to wind down its operations. In response, Immunefi will assist in onboarding Code4rena’s existing bug bounty customers, ensuring that active engagements and security protocols are transitioned smoothly. Code4rena, which was acquired by Zellic in 2024, gained recognition for its leaderboard-based "competitive audit" model involving independent researchers known as "wardens."
The closure arrives during a challenging period for decentralized finance, marked by a surge in security exploits and a significant decline in total value locked across the sector. Analysts suggest that these persistent vulnerabilities continue to pose a barrier to institutional adoption within the broader cryptocurrency ecosystem.
(Source：The Block)