Bybit: We have identified that certain contract trading pairs were severely affected by a sudden liquidity contraction, leading to abnormal price fluctuations. Users affected by this issue can contact customer support.

BlockBeats News, October 8, according to official sources, Bybit stated that on October 6, 2025, at 20:23 (UTC), during a period of extreme market volatility, the prices of perpetual contracts such as SERAPHUSDT on the platform deviated significantly from the spot market. After internal investigation, Bybit confirmed that the system's logic operated as designed. However, a drastic liquidity contraction resulted in a significant disparity between spot and derivative prices, leading to intense price fluctuations, causing some customers to be potentially impacted by non-market reasonable prices.

If any user is affected by this situation, please contact the Bybit customer service team or an account manager immediately. The platform will review the cases within 14 working days. Users can receive round-the-clock multilingual support through live chat or submit a ticket via a web form.