Altura Updates Redemption Progress, $14.97 Million Recovered, Expected to Complete by July 23

The on-chain yield platform Altura has updated its strategy for liquidation progress, successfully recovering $14.97 million, with an additional $6.95 million pending receipt. According to the timeline provided by partner Inessa, the remaining funds are expected to be fully received by July 23 or earlier. Once the funds are received and verified, they will be used to purchase USDT0 through over-the-counter trading partners, and subsequently injected into the treasury to complete the redemption. Meanwhile, Altura announced that its monthly service agreement with Accountable will terminate on July 17, which is a normal arrangement in the company's liquidation process, with no operational issues in the collaboration. Future fund flows will continue to be publicly disclosed through Altura's self-built Proof of Reserve (POR) platform.

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