Bybit CEO Ben has addressed the October 11 market crash, which led to a bearish trend, emphasizing the platform's stability during the event. Despite handling peak traffic of over 1 million queries per second without downtime, the crash highlighted the need for system optimizations due to widespread liquidations across the industry.
In response, Bybit has upgraded its Mark Price mechanism to better filter pricing anomalies and introduced a new portfolio insurance pool aimed at reducing Auto-Deleveraging (ADL) risks. Furthermore, Bybit has partnered with Nasdaq and Solidus Labs to bolster its surveillance capabilities against coordinated market attacks, enhancing overall market integrity.
Bybit Enhances Systems Post-October 11 Market Crash
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