On June 22, Altura on-chain yield platform CEO Ranveer Arora announced on X that in the past 24 hours, the platform had received unprecedented withdrawal requests and has successfully processed more than 8.5 million USDT for immediate redemptions. Given the ongoing redemption demand and market sentiment, the team decided to orderly close the Altura Vault, prioritizing the protection of users’ funds and ensuring that all redemptions are completed in a fair, transparent, and efficient manner.
Specific arrangements for Altura Vault liquidation: position types, settlement cycle, and 24/7 operation
According to Arora’s public statements on X, the known details of the liquidation plan are as follows:
· Some positions can be redeemed immediately, while others require standard settlement and redemption periods; the team is working closely with all counterparties to accelerate the process;
· Although it is the weekend, the team processes redemption requests non-stop 24 hours a day; funds are returned to users gradually as underlying positions are redeemed;
· Altura commits to providing regular updates, and will announce in parallel as redemption progresses and additional liquidity becomes available.
Position types involved in closing include: exchange-listed allocations, private credit opportunities, and real-world asset (RWA) strategies.
Mainstreet depeg event and Altura clarification statement
Just one day before Arora announced the liquidation (June 21), Altura issued a clarification statement regarding the Mainstreet (MSY) depeg event, stating that it has never interacted with Mainstreet or any of its underlying investment strategies; its HyperEVM lending vault, related markets, and the Ethereum vault were not affected.
In his June 22 statement, Arora also mentioned: “I am deeply disappointed by how quickly incorrect information and speculation spread in the industry. Altura has always operated with transparency and integrity. It is unfortunate to see baseless narratives fueling market panic and redemption pressure.”
FAQ
Does the orderly liquidation of Altura Vault mean there is a risk of loss to users’ funds?
According to Arora’s statement, the team’s top priority is to “protect users’ funds and ensure that all redemptions are completed in a fair, transparent, and efficient manner,” and stated that “funds are being returned gradually as underlying positions are redeemed.” However, it is worth noting that the statement mentions that some positions require “standard settlement and redemption periods,” and a detailed timetable has not yet been fully released.
Is there a direct link between Altura’s liquidation and the MainStreet Finance depeg event?
According to Altura’s official clarification on June 21, it has never interacted with Mainstreet or its underlying investment strategies, and the HyperEVM lending vault and the Ethereum vault were not affected. CEO Arora also pointed out that some of the redemption pressure stems from the spread of “baseless narratives.” However, news that Accountable terminated its collaboration with MainStreet Finance triggered widespread market sentiment concerns, which objectively also affected Altura’s redemption pressure.
During Altura’s liquidation period, how should users get the latest information?
According to Arora’s statement, Altura will provide regular updates and will notify users as redemption progresses and when additional liquidity becomes available. Users are advised to follow Altura’s official X account and official announcement channels to obtain the latest redemption progress and additional liquidity status.
