Svmuu News: Altura CEO Ranveer posted on X, stating that over the past 24 hours, Altura has experienced an unprecedented volume of redemption requests and has successfully processed over 8.5 million USDT in instant redemptions. In light of the ongoing redemption demand and current market sentiment, the platform has decided to initiate an orderly liquidation of the Altura Treasury to prioritize the safety of user funds and complete all redemptions in a fair, transparent, and efficient manner. The platform has notified all counterparties and partners and has begun liquidating positions in its portfolio, including holdings on exchanges, private credit opportunities, and real-world asset strategies. Some positions are eligible for immediate redemption, while others must follow standard settlement and redemption cycles; the platform is working closely with all counterparties to expedite the process as much as possible. Ranveer stated that the liquidation is proceeding in a structured manner, and funds will be gradually returned to users as the underlying positions are liquidated. The team continued to process redemption requests over the weekend and maintained communication with partners and users.