Deep Dive
1. Technical developments
Turbos Finance confirmed on May 25, 2025, that its codebase had no vulnerabilities linked to the May 22 Cetus Protocol hack. Independent audits validated its architecture, enabling uninterrupted operations while other Sui-based DEXs halted. The exploit targeted a math function in Cetus’ liquidity pools, but Turbos’ distinct design avoided exposure (Coincu).
This incident highlights Turbos’ security prioritization but also underscores systemic risks in Sui Network DeFi, where validator intervention (freezing assets) contradicted decentralization principles.
2. Market metrics
- TURBOS price: Fell 5.73% in 24 hours (to $0.0017) and 9.9% weekly despite the security assurance.
- Volume: $1.1M (-10.45% daily), signaling muted trader confidence.
- Sui token impact: SUI dropped 4.03% post-hack but retained longer-term gains, suggesting Turbos’ decline reflects DeFi-specific caution rather than Sui ecosystem collapse.
The Fear & Greed Index at 68 (Greed) shows crypto-wide optimism, but altcoin season metrics (26/100) indicate capital remains concentrated in Bitcoin/ETH, pressuring smaller DeFi tokens like TURBOS.
Conclusion
Turbos’ security resilience contrasts with market skepticism, as traders price in Sui Network risks and DeFi’s lingering exploit trauma. While audits mitigate immediate concerns, the token’s underperformance suggests investors are hedging against broader contagion.
Watch: Will Turbos capitalize on Cetus’ weakened TVL to attract liquidity, or will Sui Network security doubts prolong selling pressure?