PANews reported on October 8th that Bybit issued an announcement stating that during a period of extreme market volatility at 20:23 (UTC) on October 6, 2025, SERAPHUSDT and other perpetual swaps experienced price deviations from the spot market. Following an internal investigation, Bybit confirmed that the system logic was operating normally.

However, due to a significant decrease in liquidity, a divergence between spot and derivative prices has emerged, resulting in significant price fluctuations. Some users may have been affected by OTC prices. Affected users are encouraged to contact Bybit's customer service team or account manager for assistance. Each case will be reviewed individually and responded to within 14 business days. Users can also submit a support ticket via Live Chat or the web form.