Zellic Acquires Code4rena event

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Overview

In August 2024 blockchain security firm Zellic acquired Code4rena, the Paradigm-backed competitive smart-contract auditing platform. It was Zellic's first acquisition, and the stated rationale was to pair Zellic's consultative, expert-led audits with the breadth of coverage produced by Code4rena's competitive audit contests. Zellic introduced a combined offering called Audits+ that blends the two approaches, while Code4rena was to continue operating as an independent platform for its community. Paradigm research partner samczsun publicly endorsed the deal.

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Frequently asked questions

When did Zellic acquire Code4rena?

The acquisition was announced in August 2024 and is dated 22 August 2024 in Crunchbase's acquisition record.

Why did Zellic buy Code4rena?

To combine Zellic's consultative security audits with the broad coverage of Code4rena's competitive audit contests, offering clients more comprehensive security reviews under a product called Audits+.

Did Code4rena keep operating separately?

Yes. Code4rena's CEO said the platform would continue to operate independently for its existing users and community.