TechFlow News, June 22: Altura CEO Ranveer Arora stated that the platform experienced an unusually high volume of withdrawal requests over the past 24 hours, completing over $8.5 million in instant redemptions of USDT. Given ongoing withdrawal demand and current market sentiment, Altura has decided to initiate an orderly liquidation of the Altura Treasury.
According to the announcement, the team has notified all counterparties and partners and has begun unwinding relevant positions in its portfolio—including exchange allocations, private credit opportunities, and real-world asset strategies. Some positions can be redeemed immediately, while others will be settled and redeemed according to standard settlement and redemption timelines. Altura stated that it will continue returning funds to users as underlying positions are progressively redeemed and will continue disclosing updates on redemption progress and liquidity status.
