Crypto Bard

🫴 Crypto since 2021 | Telegram Lead @alturax

[Ranveer @ranveerar89]

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

[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

@alturax

[Crypto Bard @crypt0_bard]

@FolksFinance @tinymanorg

[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

@Hyperliquid_Hub @HyperliquidX

[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

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Win 2x VIP passes to the British Grand Prix in Silverstone this July while your capital grows.

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[Crypto Bard @crypt0_bard]

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[Crypto Bard @crypt0_bard]

@0xAlphaping @Morpho