Skip to content
October 7, 2025BitcoinSistemi logoBitcoinSistemi

Clarification Released for Three Altcoins That Suffered Major Dumps: Will Users Be Compensated for Their Losses?

Cryptocurrency exchange Bybit announced that the abnormal price deviations seen in SERAPHUSDT and some other futures contracts during the market volatility experienced on October 6, 2025, were not due to a technical error, but rather due to a decrease in ￰0￱ to the company's official announcement, the system operated normally during the surge that occurred around 11:23 PM, but the sudden drop in market depth created temporary differences between spot and derivative market ￰1￱ led to some users experiencing off-market price fluctuations in their ￰2￱ News: Watch Out: Some Altcoins in the Market Are Currently Experiencing Major and Sudden Pump-and-Dump Schemes Bybit urged affected users to contact their customer support team or personal customer representatives within 14 business ￰3￱ company stated that each complaint will be reviewed on a “case-by-case basis” and that resolution will be handled on an individual basis.

Bybit's statement stated that the 24/7 multilingual support team can be contacted via live chat or web ￰4￱ the other hand, similar pump-dump style price movements were observed in other altcoin contracts such as RFC and GROK during the same wave. *This is not investment ￰5￱ Reading: Clarification Released for Three Altcoins That Suffered Major Dumps: Will Users Be Compensated for Their Losses?

BitcoinSistemi logo
BitcoinSistemi

Latest news and analysis from BitcoinSistemi

Trump Fired Her From the FTC. Now Her Husband’s Crypto Bill Could Suffer

Trump Fired Her From the FTC. Now Her Husband’s Crypto Bill Could Suffer

The intertwined fortunes of Rebecca and Justin Slaughter underscore a key constitutional issue that could derail crypto’s long-desired market structure bill....

Decrypt logoDecrypt
1 min
Egrag Crypto to XRP Investors: October Breakout Is Looking Promising

Egrag Crypto to XRP Investors: October Breakout Is Looking Promising

As October progresses, the XRP market is drawing increased attention from traders and analysts who sense that something significant is brewing. The price has been moving within a tightening range, ref...

TimesTabloid logoTimesTabloid
1 min
India ‘discourages unbacked crypto,’ doubles down on digital rupee

India ‘discourages unbacked crypto,’ doubles down on digital rupee

Can India’s cautious playbook outlast Trump’s bold crypto gamble?...

AMB Crypto logoAMB Crypto
1 min
Clarification Released for Three Altcoins That Suffered