Code4rena announces gradual shutdown, Immunefi will take over its clients and security researchers,

2026-05-14 by admin

According to TechFlow, on May 14th, as reported by The Block, the smart contract auditing platform Code4rena announced it will gradually cease operations. Web3 security company Immunefi will take 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 also be properly concluded. Immunefi said it will assist in migrating the vulnerability bounty scope, rules, and reward structures for relevant protocols.

Code4rena is known for its “competitive auditing” model, where researchers are compensated for discovering smart contract vulnerabilities. The platform secured $6 million in funding from Paradigm in 2023 and was acquired by Zellic in 2024.

PANews June 30 news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has issued a final judgment against crypto platform NanoBit, ordering the parties involved to pay over $5 million in fines. The case was initially filed in September 2024 during the Biden administration, with the SEC accusing NanoBit and related individuals of impersonating financial professionals in WhatsApp groups between September 2023 and June 2024 to gain investor trust, luring them to invest in NanoBit, and falsely claiming that an affiliate was an SEC-registered broker-dealer. The SEC stated that the so-called financial professionals promoted a fake initial coin offering, but no transactions ever took place on the NanoBit platform, and investor funds actually flowed to the fraud participants — over $2 million of which was wired to bank accounts in Hong Kong, and several hundred thousand dollars' worth of crypto assets were misappropriated. The SEC also issued an investor alert warning that fraudsters are using social media and instant messaging apps to perpetrate investment scams.

PANews June 30 news, according to The Block, on-chain analytics platform Arkham has launched a prediction market trader ranking system, using an Elo/MMR-style scoring mechanism to rank traders based on prediction accuracy. Each correct prediction boosts a trader's Elo score, with correct predictions on low-odds outcomes yielding a higher score increase than those on high-odds outcomes. Unlike profit-and-loss rankings, this system prioritizes accuracy over the amount of capital deployed, meaning small-cap traders with higher win rates can surpass better-capitalized but less accurate traders. Currently, the rankings mainly focus on Polymarket traders. The top-ranked trader, "GardenerCx," employs a "5-minute crypto up/down market" strategy and has achieved a 64.3% win rate on 2,644 bets.

DeepFlow TechFlow news, June 29th, as reported by The Block, the Bank for International Settlements (BIS) stated in its 2026 Economic Report that current stablecoins fail to meet monetary standards across four key dimensions: uniformity, resilience, interoperability, and integrity. Their operational model more closely resembles ETFs rather than payment instruments. The report estimates that even if stablecoin market capitalization expands to $1 to $3 trillion, the net effect on economic output would remain slightly negative, while intensifying pressure on bank funding and weakening credit capacity.BIS also warns that emerging economies face a risk of "stablecoin dollarization," which could erode their monetary sovereignty. The report recommends anchoring to central bank money and building an alternative framework—a "unified ledger" encompassing tokenized central bank reserves and commercial bank money—using Project Agora, a cross-border payment prototype, as proof of feasibility.