- Turbos Finance reassures security post-Cetus exploit on Sui Network.
- Avoided vulnerabilities confirmed by external audits.
- Key Sui platforms supported uninterrupted as Turbos resumes trading.
At 11:34 AM UTC, on May 22, 2025, Cetus Protocol announced a vulnerability affecting its platform. In response, Turbos Finance quickly initiated rigorous internal and external security procedures.
The vulnerability impacted Sui’s decentralized exchange ecosystem, causing several platforms to halt operations. Turbos maintained secure operations through audited checks, demonstrating resilience amid disruption.
$260M Cetus Exploit Prompts Immediate Safeguards by Turbos Finance
The Cetus Protocol incident involved a major exploit valued at $260 million, hitting the Sui ecosystem. Turbos Finance, built on a different codebase, initiated immediate security reviews and audits. Quick action ensured no vulnerabilities affected Turbos. Independent audits by experts revealed Turbos was unaffected despite the presence of a related math function. The Cetus exploit prompted other Sui DEXs to pause operations, while Turbos Finance continued unhindered, thanks to stringent measures. Expert analysis confirmed the platform’s security integrity, allowing consistent on-chain transactions. Cetus and Sui Network’s statements highlighted the joint investigation and repairs underway. Turbos Finance’s immediate and robust response, including external audits, was fundamental in reassuring users and stabilizing operations on the network.
According to CoinMarketCap, Sui token trades at $3.50 with a market cap of $11.68 billion, gaining a 0.35% dominance. Notably, recent trading volume hit $802.33 million despite a trading volume drop of 55.57%. Prices showed a decrease of 4.03% over 24 hours, mixed with longer-term gains. The Coincu research team notes that such event-driven volatility could prompt stricter regulatory interventions and enhanced scrutiny by security firms, bringing both challenges and opportunities for technological innovation within the DeFi space.
Sui Market Reaction and Analysis Post-Exploit
Did you know? The Sui Network has been a focal point for decentralized finance innovations, attracting significant attention from investors and developers alike.
According to CoinMarketCap, Sui token trades at $3.50 with a market cap of $11.68 billion, gaining a 0.35% dominance.
Expert analysis confirmed the platform’s security integrity, allowing consistent on-chain transactions, which is crucial for maintaining user trust in the decentralized finance ecosystem.
Source: https://coincu.com/339609-turbos-finance-sui-security-cetus/