Wu Blockchain learned that Bybit issued an announcement stating that during 20:23 (UTC) on October 6, 2025, due to extreme market volatility, SERAPHUSDT and other perpetual contracts experienced abnormal price fluctuations that significantly deviated from the spot market. After an internal review, the system logic was found to be operating normally, but a significant drop in liquidity led to a large discrepancy between spot and derivative prices. https://t.co/PcXNXPr102 https://t.co/uX8AUufvRm
