Altura Winds Down Vault After $8.5M Withdrawal Surge
Altura is shutting down its yield-bearing stablecoin vault on HyperEVM after processing over $8.5 million in redemptions within 24 hours. CEO Ranveer Arora attributed the surge to fear and misinformation. The protocol is conducting an orderly wind-down.
Detected & updated continuously · Source: Ruma
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Altura (alu)Sources
@blckchaindaily
🚨 ALTURA WINDING DOWN YIELD-BEARING STABLECOIN VAULT ON HYPEREVM AFTER SURGE IN WITHDRAWALS
@CryptoPatel
NEWS: Altura is shutting down its stablecoin vault after a surge in withdrawal requests. CEO Ranveer Arora said the withdrawals were driven by fear and misinformation spreading in the market. https://t.co/ZmDhGGcGUM
@CryptoTimes_io
TODAY: @alturax CEO @ranveerar89 has announced an orderly wind-down of the Altura vault following a surge in withdrawal requests. https://t.co/Rp3bkcW941
@CoinpediaNews
#Altura is shutting down its vault operations after a massive withdrawal wave rattled the protocol. Over $8.5M in redemptions were processed as investors rushed for the exits following the Mainstreet depeg. No hack. No insolvency. Yet panic alone was enough to force an orderly
@The_NewsCrypto
Altura Closes $3.9M Infinity Vault After $8.5M Investor Withdrawal Surge🚨💰 To Know More👇 https://t.co/HGn9lDF09z #Altura #DeFi
@0xmani
the co-founder of @alturax announced they are winding down the vault. they got hit with a massive withdrawal rush, processing over 8.5 million USDT in just 24 hours. from what I understand the msUSD drama triggered the panic even tho Altura had zero direct exposure to it. once https://t.co/G88t3gSBHr