Altura Blames Restricted Bank Account for Delays in Final Vault Redemptions

TL;DR:

• A total of £16.4 million remains locked in Altura’s corporate account following an internal review initiated by its banking institution.
• The DeFi protocol had completed the liquidation of its real-world assets (RWA) after processing more than 8.5 million USDT in withdrawals during June 2026.
• Metrics recorded by DefiLlama indicate that the protocol’s total value locked (TVL) reached a peak of approximately $39 million prior to initiating its shutdown.

Decentralized finance yield protocol Altura suspended the final payout phase of its Vault after its corporate bank account was temporarily restricted. The suspension was confirmed by the organization on Wednesday, following the team’s attempt to execute a fiat-to-USDT conversion through an over-the-counter (OTC) partner.

Treasury Liquidation Background

The interruption of the operational process occurs at the conclusive stage of an orderly wind-down that began mid-year. The firm’s management took the decision to shut down the product in June 2026, after experiencing a massive wave of redemption requests that processed over 8.5 million USDT within a 24-hour period.

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