Ranveer Arora: Ordered closure of Altura vault due to surge in withdrawals, processed 8.5 million USDT redemptions

Altura CEO Ranveer Arora stated on X platform that Altura has received a large number of withdrawal requests in the past 24 hours and has processed over 8.5 million USDT redemptions. Given the withdrawal demand and market sentiment, the team has decided to orderly close the Altura vault to protect user capital and ensure redemption completion. The team has notified counterparties and partners to begin closing positions and is working with all parties to accelerate the redemption process of some positions that require standard settlement.