The vulnerability incident at the Cetus Protocol on May 22, 2025, prompted precautionary measures from Turbos Finance, which confirmed its security and operational continuity.
Cetus Protocol Vulnerability Incident
On May 22, 2025, at 11:34 AM UTC, Cetus Protocol announced a vulnerability affecting its platform. This incident had an impact on the Sui decentralized exchange ecosystem, causing several platforms to halt their operations.
Turbos Finance's Response
Turbos Finance quickly initiated rigorous internal and external security procedures. The platform confirmed its security and lack of vulnerabilities through audits, despite the presence of a related mathematical function. Independent experts confirmed that Turbos remained unaffected while ensuring uninterrupted operations and on-chain transactions.
Sui Market Post-Incident
According to CoinMarketCap, Sui token trades at $3.50 with a market cap of $11.68 billion. Despite a trading volume drop of 55.57%, overall volumes held steady at $802.33 million. The analysis indicates that such event-driven volatility could lead to stricter regulations and increased scrutiny of security within the DeFi ecosystem, presenting both challenges and opportunities for technological innovation.
Following the vulnerability incident at Cetus Protocol, Turbos Finance demonstrated its ability to respond to threats, ensuring the safety of its users and maintaining operational continuity within the Sui ecosystem.
