Cryptocurrency exchange Bybit has clarified that recent price fluctuations experienced by SERAPHUSDT and certain other futures contracts during market volatility on October 6, 2025, were not caused by technical errors but instead stemmed from decreased liquidity. 👻
According to their official statement, the system operated normally during the surge around 11:23 PM, however, a sudden drop in market depth triggered temporary discrepancies between spot and derivative market prices. This disparity led to some users experiencing unusual price fluctuations in their trades.
To address affected user concerns, Bybit urges individuals to contact their customer support team or designated representatives within 14 business days. The company states that each complaint will be reviewed on a case-by-case basis and resolution will be handled individually.
Bybit’s 24/7 multilingual support team is available through live chat or web forms for inquiries.
It’s worth noting that similar pump-and-dump schemes were observed in other altcoin contracts, such as RFC and GROK, during the same period.
*Disclaimer: This is not investment advice.*
Continue Reading: Clarification Released for Three Altcoins That Suffered Major Dumps: Will Users Be Compensated for Their Losses?