Ok.. See I can't even post this properly because 1. I'm a dumbass and 2. it's interpreting the code no matter what.
Putting an image link or [ img ] tag inside of a [ code ] tag with a working link is attempting to render the image, not display the code.
My thinking is that [ code ] would force a stop to all code interpretation until the [ /code ].
At the moment, the code tag only sets things to monospace, but it doesn't stop rendering. I have plans to do that, but for the moment you can do a hack approach by typing something like this:
[co[i][/i]de]