Altura updates on treasury asset disposal progress: redemptions remain temporarily suspended, pending the verification of all assets before reopening collectively.

Deep Tide TechFlow News, June 24th, Altura announced a community update stating that to ensure all AVLT holders receive fair treatment, redemptions remain suspended until all treasury assets are fully recovered, credited, reconciled, and independently verified before reopening. The project team stated that no security incidents have occurred and no asset losses have been reported so far.

Regarding treasury management, the market-making strategy has been completed and exited, with approximately $9.6 million in related funds now displayed on the Accountable panel; about 90% of the MF-One position has been loaned out via Morpho, corresponding to approximately $1.27 million, currently held in custody by Cobo; the Inessa position has initiated the exit process, with an estimated total recovery amount of about $21.91586 million, which may be transferred in batches of $1 million to $2 million per banking day into Altura’s bank account; negotiations for the exit of the Travessia Credit position are still ongoing.

Altura stated that based on current information, they still strongly believe that all AVLT holders will ultimately be able to redeem in full. However, according to legal advice, redemptions will only be initiated after all treasury assets are fully recovered and independently verified to ensure a fair and consistent process.

Previously, news reported that Altura has initiated an orderly liquidation of the treasury.