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At 20:23 UTC on October 6, 2025, during a period of extreme market volatility, the SERAPHUSDT and other perpetual contracts experienced abnormal price deviations from the spot market. Following an internal review, Bybit confirmed that the system logic functioned as intended. 

However, significantly reduced liquidity contributed to discrepancies between spot and derivatives prices, resulting in notable price fluctuations. Some clients may have been affected by off-market prices. 

If you are the one affected, please contact Bybit’s Customer Support Team or your Relationship Manager for assistance. We will review your issue on a case-by-case basis within 14 working days. You can reach our 24/7 multilingual support via Live Chat, or submit a ticket through the [webform](https://www.bybit.com/en-US/help-center/s/webform) 

Bybit Issues Statement on SERAPHUSDT and Other Perpetual Contract Price Fluctuation on October 6

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