IQ AI Smart Contract Audit Report Released by Code4rena

**Flare Networks** has successfully completed its security audit through Code4rena's competitive auditing platform. The audit focused on Flare's **FAsset system**, which enables non-smart contract tokens to be used as collateral on Flare's network. **Key highlights:** - Full audit report now publicly available - Demonstrates Flare's commitment to security standards - Part of Code4rena's transparent auditing process This follows recent audit completions by Hybra Finance and Covenant, showing continued adoption of Code4rena's competitive audit model. [Read the full Flare Networks audit report](https://code4rena.com/reports/2025-08-flare-fasset)

The **Merkl audit competition** is closing soon with only days left to participate. - Competition deadline: **December 1st** - Prize pool: **$18,000** available for wardens - Still accepting security findings and submissions Wardens have a final opportunity to review the Merkl protocol and submit their security findings before the competition closes. Time is running out to claim your share of the substantial prize pool.

**Brix Money** has launched a **$23,000 competitive audit** on Code4rena, running for 7 days. The capital markets protocol is seeking security researchers to identify vulnerabilities in their system, with the largest prizes going to the highest and rarest bugs found. **Key areas of concern include:** - Unbacked minting of iTry tokens - Fund theft/loss during staking/unstaking (especially cross-chain) - Blacklist/whitelist bugs affecting emergency operations - Security of Ethena Staking contract extensions - Composer contract vulnerabilities - Access control effectiveness The audit focuses on verifying the system can handle black swan scenarios and maintain security across all operations. [View audit details](https://code4rena.com/audits/2025-11-brix-money)

**Hybra Finance** has launched a competitive security audit on Code4rena, running for **10 days** with prizes for discovering vulnerabilities. **Key Details:** - Hybra Finance operates as a public liquidity layer on Hyperliquid - Competition rewards the **highest and rarest vulnerabilities** found - Security researchers can access audit documentation and participate **How to Participate:** - Review the audit documentation at [Code4rena](https://code4rena.com/audits/2025-10-hybra-finance) - Hunt for smart contract vulnerabilities - Submit findings for potential rewards This follows Code4rena's competitive audit model that gamifies security research to help projects identify bugs more effectively than traditional auditing methods.

**LayerZero's $103,000 audit competition is now live** on Code4rena, focusing on securing their Endpoint V2 implementation for Sui blockchain. **Key Details:** - 13-day competition duration - Highest prizes awarded for critical and rare vulnerabilities - Security researchers can participate immediately **Recent Context:** This follows two other major audit launches: - Monad's record-breaking $500,000 unconditional prize pool (27 days) - Succinct's $112,500 competition (30 days) [Start hunting for vulnerabilities](https://code4rena.com/audits/2025-09-layerzero-endpoint-v2-sui)