Altura has begun an orderly liquidation of its treasury after receiving what its CEO described as an unprecedented volume of redemption requests over the past 24 hours.
According to Odaily, Altura CEO Ranveer said on X that the platform processed more than 8.5 million USDT in instant redemptions. He said the decision was made in response to ongoing redemption demand and current market sentiment, with the stated priority of protecting user funds and completing all redemptions in a fair and transparent manner.
Ranveer said the platform has notified all counterparties and partners and has started closing positions across its portfolio, including exchange holdings, private credit opportunities, and real-world asset strategies. He added that some positions can be redeemed immediately, while others must follow standard settlement and redemption cycles, and that Altura is working with counterparties to accelerate the process where possible.
He said the liquidation is proceeding in a structured way and that funds will be returned to users as underlying positions are redeemed. Ranveer added that the team is continuing to process redemption requests over the weekend and is maintaining communication with partners and users.
Altura CEO Ranveer Says Platform Begins Orderly Liquidation After 8.5 Million USDT in Redemptions
2026-06-22 00:14:08
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