Hi,
I had the same problem a few times, things I found out that might help you:
1. Your epoxy had some tiny bubbles
2. Curing environment with to much humidity
3. Sanding to early (wet sanding with moist)
4. Thing I recently found out; Carbon fiber for example absorbs water. So if you store it in "bad" conditions; water inside your carbon will react with the epoxy.
you can solve this by putting your carbon in the oven for a while.
hope those few point might help you in the future