Security Researcher Earns $20,000 Bounty for GMTrade Vulnerability Discovery

Code4rena has launched a competitive audit for Injective, a blockchain focused on finance applications. The security competition will run for 20 days and focuses on the Peggy Bridge codebase. **Key Details:** - Auditors can identify vulnerabilities in Injective's Peggy Bridge - Largest rewards go to the most severe and unique bugs discovered - Competition documentation available at [code4rena.com/audits/2026-02-injective-peggy-bridge](https://code4rena.com/audits/2026-02-injective-peggy-bridge) This follows Code4rena's recent $107,000 Jupiter Lend audit competition, which runs for 29 days. The platform continues its competitive audit model where security researchers compete to find critical vulnerabilities in Web3 projects.

Code4rena has released the complete audit report for Garden Finance, marking another security milestone for the project. **Key Details:** - Full audit report now available at [code4rena.com/reports/2025-11-garden](https://code4rena.com/reports/2025-11-garden) - Garden Finance team recognized for commitment to security standards - Report follows the project's $37,500 audit competition concluded earlier this month **Previous Competition Results:** The Garden audit competition saw barah secure first place in their debut win, with an 8-way tie for top gatherer and ETAAcademy earning best QA report. The published report provides transparency into the security assessment process and identified vulnerabilities.

Code4rena has released the complete list of winners from the Monad audit competition. The competition, which concluded on October 12th, featured an unprecedented $500,000 unconditional prize pool - the largest in Code4rena's history. **Key Details:** - Full winner list available at: [code4rena.com/audits/2025-09-monad](https://code4rena.com/audits/2025-09-monad) - Prize pool: $500,000 (largest unconditional pool to date) - Competition end date: October 12th The audit competition allowed security researchers to submit findings and compete for shares of the substantial prize pool.

Code4rena has concluded one of the largest audit competitions in its history, featuring: - **1,614 participating wardens** (security researchers) - **952 submissions** received - **164,246 lines of code** reviewed - **$500,000 prize pool** distributed in full The competition represents a significant milestone for the platform, which uses competitive audits to help projects identify smart contract vulnerabilities. The unconditional prize pool was among the largest ever offered in the audit competition space.

Code4rena has completed distribution of its largest-ever unconditional prize pool, paying out $500,000 to security researchers who participated in the Monad audit competition. **Key findings:** - 4 high severity vulnerabilities identified - 7 medium severity vulnerabilities discovered - All prize money distributed to participants The 28-day audit competition, conducted in partnership with [Category](https://category.xyz) for [Monad](https://monad.xyz), represents a milestone in competitive security auditing. The unconditional prize structure means participants received rewards regardless of whether their findings were accepted, encouraging broader participation in blockchain security efforts. This approach demonstrates growing investment in proactive security measures within the Web3 ecosystem, with projects allocating substantial budgets to identify vulnerabilities before deployment.