Bug Report: InstantiateDryRun Fails with Contracts::CodeRejected

[duythien]

When running e2e tests with the e2e-tests feature enabled, contract instantiation fails with the following error:

cd ink-examples/flipper
RUST_BACKTRACE=full cargo test --features e2e-tests

Logs issue below:

unning 5 tests
test flipper::e2e_tests::e2e_test_deployed_contract ... ignored
test flipper::tests::it_works ... ok
test flipper::tests::default_works ... ok
    Finished `dev` profile [unoptimized + debuginfo] target(s) in 0.16s
    Finished `release` profile [optimized] target(s) in 0.16s
test flipper::e2e_tests::default_works ... FAILED
test flipper::e2e_tests::it_works ... FAILED

failures:

---- flipper::e2e_tests::default_works stdout ----
 [==] Checking clippy linting rules
 [==] Building cargo project

thread 'flipper::e2e_tests::default_works' panicked at lib.rs:103:18:
instantiate failed: InstantiateDryRun(DryRunError { debug_message: "Can't load the module into wasmi!", error: Module(ModuleError(<Contracts::CodeRejected>)) })
stack backtrace:
   0:        0x1022fa268 - std::backtrace_rs::backtrace::libunwind::trace::hd09570c029a6744a
                               at /rustc/17067e9ac6d7ecb70e50f92c1944e545188d2359/library/std/src/../../backtrace/src/backtrace/libunwind.rs:117:9
   1:        0x1022fa268 - std::backtrace_rs::backtrace::trace_unsynchronized::h8d2fa64833f91cb3
                               at /rustc/17067e9ac6d7ecb70e50f92c1944e545188d2359/library/std/src/../../backtrace/src/backtrace/mod.rs:66:14
   2:        0x1022fa268 - std::sys::backtrace::_print_fmt::h567d2a106a3b0dee

📌 Environment
ink! version: v5.x.x

Rust toolchain: rustc 1.87.0 (17067e9ac 2025-05-09)

Substrate node: substrate-contracts-node 0.42.0-f209befc88c

OS: macOS M4

Contract: cargo-contract-contract 5.0.3-unknown-aarch64-apple-darwin