@alturax Altura Update:
Altura users are advised to migrate to the v3 Router Bridge before the v1 contract is phased out.
Any assets that remain unmigrated could be affected.
Detalis: https://t.co/8R3bsL1Jb2
These are unfounded accusations. Every address below is part of our vault architecture, and all of it is public.
A/ 0xFC45cF9323A3057899bc681Bcb7F781f87660ADf
Where we deposit funds with our custody partner, @Cobo_Global.
B/ 0xBD151BeF567dAbf712A811402A27839768a13D70
Cobo's custody wallet, where funds are pooled. Standard custody token sweeping: https://t.co/ecKuRQSQF7
C/ 0x873E1C729a12658E4e3f39e927687E424967CcbF
Our deployment wallet. From here, funds go out to strategies. The transfer to Kraken funds our RWA strategy, which can't be funded directly on HyperEVM, so the funds route through an exchange to reach it. Over the last 4 days it has instead routed back to the vault to meet redemptions.
D/ 0xd0Ee0CF300DFB598270cd7F4D0c6E0D8F6e13f29
Our vault. Funds return here as liquidity is needed for redemptions.
The vault is over-collateralized, near 104% and live on our dashboard.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the difficult decision to begin an orderly wind-down of the Altura vault. Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner.
To facilitate this process, we have notified all counterparties and partners of our decision and have started unwinding positions across the portfolio. These positions include allocations held on exchanges, private credit opportunities, and real-world asset strategies. While some positions can be redeemed immediately, others require standard settlement and redemption periods, and we are working closely with all counterparties to accelerate the process wherever possible.
We want to reassure all users that the wind-down is being conducted in a structured manner and that capital is being returned as underlying positions are redeemed.
Despite it being a weekend, our team has worked around the clock to process withdrawal requests and maintain continuous communication with partners and users. I am incredibly proud of the effort and commitment demonstrated by everyone involved during this period.
Personally, I am deeply disappointed by how quickly misinformation and speculation can spread within the industry. Altura has always operated with transparency and integrity, and it is unfortunate to see unfounded narratives contribute to market fear and withdrawal pressure.
Nevertheless, our focus remains unchanged: executing an orderly wind-down and returning capital to users as efficiently as possible.
We will continue providing regular updates as redemptions progress and additional liquidity becomes available.
Thank you for your trust and support throughout this process.
Ranveer Arora
CEO, Altura
We recently became aware of the depeg event affecting Mainstreet (MSY).
As Altura, we have never had any exposure to Mainstreet or any of its underlying investment strategies.
Our HyperEVM lending vault (Alpha USDT Prime), the associated USDT/AVLT market, and borrowers utilizing our Ethereum vault remain unaffected by this event.
Over the last 24 hours, Altura has successfully processed more than $5 million in withdrawal requests. We continue to maintain ample liquidity across our strategies and are fully positioned to service additional withdrawals as needed.
While this does not affect Altura directly, we are monitoring the situation closely as it develops.
As a prudent risk management measure, we recommend that users unwind any borrow or looping positions involving the AVLT/USDC ETH market until market conditions stabilize and there is greater clarity around any broader ecosystem impact.
We will continue to keep the community informed and share updates in this thread as new information becomes available.
@alturax Altura Update:
Altura users are advised to migrate to the v3 Router Bridge before the v1 contract is phased out.
Any assets that remain unmigrated could be affected.
Detalis: https://t.co/8R3bsL1Jb2
@alturax Altura Update:
Altura users are advised to migrate to the v3 Router Bridge before the v1 contract is phased out.
Any assets that remain unmigrated could be affected.
Learn more https://t.co/8R3bsL1Jb2