Altura CEO: Decides to Orderly Wind Down Altura Treasury Due to Surge in Withdrawals

On June 22, Altura CEO Ranveer took to X (the social media platform) to announce that Altura has faced an unprecedented surge in redemption requests over the past 24 hours, with the platform already processing more than $8.5 million in instant USDT redemptions. Due to sustained redemption demand and prevailing market conditions, Altura has decided to launch an orderly liquidation of its treasury — a move aimed at prioritizing user fund security while ensuring all redemptions are completed fairly, transparently, and efficiently. The platform has notified all counterparties and partners of this decision, and has started unwinding positions across its investment portfolio, including holdings on exchanges, private credit opportunities, and real-world asset strategies. Some positions are eligible for immediate redemption, while others will follow standard settlement and redemption timelines. Altura is collaborating closely with all counterparties to speed up the process as much as possible. Ranveer noted the liquidation is proceeding smoothly and in an orderly fashion, with funds being returned to users incrementally as underlying positions are redeemed. The team will work through the weekend to continue processing redemption requests and stay in touch with partners and users.