[Altura CEO: Decision to Orderly Close Altura Vaults Due to Surge in Withdrawals, $8.5 Million USDT Redeemed] Altura's on-chain yield platform CEO, Ranveer Arora, posted on the X platform stating that the platform has received an unprecedented number of withdrawal requests in the past 24 hours, successfully processing over $8.5 million USDT in instant redemptions. In light of the ongoing withdrawal demand and current market sentiment, the team has decided to begin an orderly closure of Altura Vaults, prioritizing the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner. The team has notified all counterparties and partners to begin unwinding positions in the investment portfolio. Arora mentioned that some positions can be redeemed immediately, while others require standard settlement and redemption periods. The team is working with all counterparties to expedite the process.