Altura: AVLT redemptions paused to ensure smooth treasury asset liquidation

PA一线
PA一线
PANews, June 24 – On-chain yield platform Altura has updated its fund liquidation process and redemption plan, stating that AVLT redemptions have been suspended. The suspension is not due to contract vulnerabilities or asset losses, but to ensure an orderly liquidation of treasury assets. Redemptions will resume uniformly after all treasury assets have been recovered, reconciled, and independently verified by a third party. Regarding liquidation progress, all market-making strategies have been exited, with approximately $9.6 million in proceeds held in custody by OKX. About 90% of MF-One’s positions have been unwound through collateralized lending via Morpho, with approximately $1.27 million in funds held by Cobo. The largest position, Inessa, is expected to have total liquidation proceeds of approximately $21.91 million, which will be transferred in batches to Altura DeFi Ltd.’s bank account via JPMorgan Chase, with transfers of approximately $1 million to $2 million per banking day. A test transfer of $10,000 was initiated on June 23. Negotiations regarding the Travessia Credit position are still ongoing. Altura expressed confidence that all AVLT holders will receive full redemptions. Previously, on June 22, it was reported that Altura’s CEO stated that the Altura vault would be closed in an orderly manner due to a surge in withdrawals.
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