diff --git a/lib/gollum/markup.rb b/lib/gollum/markup.rb
index ea1b8a27..1e3b0595 100644
--- a/lib/gollum/markup.rb
+++ b/lib/gollum/markup.rb
@@ -511,10 +511,15 @@ module Gollum
     #
     # Returns the placeholder'd String data.
     def extract_code(data)
-      data.gsub!(/^([ \t]*)~~~ ?([^\r\n]+)?\r?\n(.+?)\r?\n\1~~~\r?$/m) do
+      data.gsub!(/^([ \t]*)(~~~+) ?([^\r\n]+)?\r?\n(.+?)\r?\n\1(~~~+)\r?$/m) do
         m_indent = $1
-        m_lang   = $2
-        m_code   = $3
+        m_start  = $2 # ~~~
+        m_lang   = $3
+        m_code   = $4
+        m_end    = $5 # ~~~
+
+        # start and finish tilde fence must be the same length
+        return '' if m_start.length != m_end.length
 
         lang   = m_lang ? m_lang.strip : nil
         id     = Digest::SHA1.hexdigest("#{lang}.#{m_code}")
diff --git a/test/test_markup.rb b/test/test_markup.rb
index 09b51ddc..57f06568 100644
--- a/test/test_markup.rb
+++ b/test/test_markup.rb
@@ -236,6 +236,19 @@ context "Markup" do
     assert_equal expected, output
   end
 
+  test "~~~ code blocks #537 with lots of tildes" do
+    page = 'test_rgx'
+    @wiki.write_page(page, :markdown,
+      %Q(~~~~~~ {#hi .ruby .sauce}
+~~
+'hi'~
+~~~~~~
+      ), commit_details)
+    output = @wiki.page(page).formatted_data
+    expected = %Q{<div class=\"highlight\"><pre><span class=\"o\">~~</span>\n<span class=\"s1\">'hi'</span><span class=\"o\">~</span>\n</pre></div>}
+    assert_equal expected, output
+  end
+
   test "wiki link within code block" do
     @wiki.write_page("Potato", :markdown, "    sed -i '' 's/[[:space:]]*$//'", commit_details)
     page = @wiki.page("Potato")