Yield platform Altura said it has recovered $14.97 million as it unwinds its strategy, leaving $6.95 million still pending. In an update posted on X, the company said the outstanding funds are expected to arrive on or before July 23, based on a timetable provided by partner Inessa. After the funds arrive and are reconciled, Altura plans to buy USDT0 through an over-the-counter counterparty and inject the tokens into its treasury to complete redemptions. Altura also said its monthly service agreement with Accountable will end on July 17. The company described the move as a normal part of its liquidation process and said there were no operational issues in the relationship. It added that future fund movements will continue to be disclosed through Altura’s in-house proof-of-reserves, or POR, platform.
Yield platform Altura said on X that it has recovered $14.97 million so far as it exits its strategy, with another $6.95 million still pending.
According to a timetable provided by partner Inessa, the remaining funds are expected to arrive on or before July 23, Altura said.
Once the funds are received and reconciled, the company said it will purchase USDT0 through an over-the-counter counterparty and then inject the tokens into its treasury to complete redemptions.
Altura also said its monthly service agreement with Accountable will terminate on July 17. The company described the change as a standard part of its liquidation process and said there were no operational problems between the two sides.
Altura added that subsequent fund flows will continue to be disclosed through its self-built proof-of-reserves, or POR, platform.
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