On-chain revenue platform Altura has suspended AVLT redemptions, clarifying that the pause stems from procedural requirements rather than contract vulnerabilities or asset losses. The protocol mandates that all treasury assets must be recovered, verified, and independently confirmed by a third party before redemption services can resume. This measure follows a previous decision to initiate an orderly liquidation of its treasury in response to a surge in withdrawals.

Regarding the liquidation progress, Altura has completely discontinued its market-making strategies, with resulting earnings of approximately $9.6 million currently held in custody by OKX. Approximately 90% of MF-One’s holdings have been utilized to settle mortgage loans through Morpho, with the corresponding funds of around $1.27 million held by Cobo. For the largest position held by Inessa, estimated at $21.91 million, funds are being transferred in installments to Altura DeFi Ltd.’s bank account via JPMorgan. Daily transfers of $1 million to $2 million are scheduled, following a $10,000 test transfer initiated on June 23.

Meanwhile, negotiations regarding the settlement of Travessia Credit’s holdings remain ongoing, as Altura maintains confidence in enabling full redemption for all AVLT holders.