Turbos Finance Unaffected by Cetus Exploit, Maintains Operations

On May 25, 2025, Turbos Finance, a leading decentralized exchange (DEX) within the Sui ecosystem, released an incident analysis report addressing the recent security exploit involving Cetus. The report emphasized that Turbos Finance remained unaffected by the Cetus incident, with its codebase remaining secure and the project continuing to operate normally.

At 11:34 AM UTC on May 22, 2025, Cetus disclosed a vulnerability in its protocol, valued at $2.23 billion. Turbos DEX, as part of the Sui mainnet ecosystem, operates on an independent, secure, and resilient codebase distinct from Cetus and other platforms. Despite this, Turbos Finance promptly initiated a comprehensive internal security review. The review revealed that the checked_shlw function, related to the Cetus exploit, was present in Turbos' codebase but had never been called or utilized. Further investigation confirmed that checked_shlw appeared only once in its definition and had no instances of being called, ensuring no vulnerabilities in Turbos’ operation.

By 12:30 PM UTC, less than an hour after Cetus' announcement, Turbos Finance engaged the Mysten security team and several leading external security firms, including OtterSec, MoveBit, and CertiK, to independently audit their codebase. All experts confirmed that the vulnerability related to the Cetus exploit would not affect Turbos, providing strong evidence of the platform's integrity.

By 1:00 PM UTC, several major Sui DEXs had paused their services. However, due to Turbos' stringent security measures, the platform was able to support uninterrupted on-chain transactions on the Sui network during this challenging period. This incident highlights the robustness of Turbos Finance's security protocols and its commitment to maintaining a secure and reliable platform for its users.

Turbos Finance's swift response and thorough security measures demonstrate the platform's resilience and dedication to user safety. The incident serves as a reminder of the importance of continuous security audits and the need for independent verification to ensure the integrity of decentralized finance platforms. As the Sui ecosystem continues to grow, the actions taken by Turbos Finance set a strong precedent for how other projects can handle security incidents and maintain user trust.