My previous post about not talking about a project anymore was not referred to Altura.
I received multiple requests to put out a post as apparently people think my post caused a price correction.
I do not think I have that much influence, the most likely explanation is people panicking after this update.
I stopped working for altura after the bank run, but we departed in good faith and I am, like you, waiting for this to be resolved.
So again, the previous statement is correct, but it is NOT related to Altura.
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Hi everyone,
As many of you are aware, we were scheduled to begin purchasing USDT via our OTC partner using a fiat transfer from our Altura Bank account.
Unfortunately, we have encountered an unexpected issue. The bank account holding the funds has been temporarily restricted by the bank. For the sake of transparency, we are attaching proof of this restriction. We have blacked out the sort code and account number in the attached image for security and safety reasons.
We have already been in contact with the bank, and at this stage they have asked us to wait while they complete their review. They have advised that they will contact us if they require any additional information from our side.
At this point, the situation is entirely outside of our control, and there is no further action we can take until we receive an update from the bank. Our priority is to remain as transparent as possible throughout this process, and we will continue to keep the community informed as soon as we receive any new information
Altura continues to handle the unwind with full transparency, sharing every meaningful update so the community can follow the process instead of relying on speculation.
$33.2M in fully collateralized reserves, bank balance now sits at $6.63M, backed by 14 verified JPMorgan transfers.
On the Tauri side: the $101k Travessia Credit RWA position was redeemed by the team... so far, $37k has already been reflected in the bank transactions, the tokens are now in the smart contract, and the remaining USDT is expected to settle in around 14 days.
Track it all live: https://t.co/pYQ7neGB3j
Receipts > narratives🦉
Altura unwind rolling with full transparency.
Reserves: $33.2M solidly collateralized.
Altura Bank Account now at $6.63M via 14 verified JPMorgan transfers.
Quick note on the Tauri situation: the $101k Travessia Credit RWA position was withdrawn by the team. $37k has been recorded in bank transactions, tokens are now in the smart contract, and USDT repayment is expected in ~14 days. This explains its removal from the dashboard.
Track live: https://t.co/7kun5lcfvw
Proof > promises. 🦉
Preisprognose
Wann ist ein guter Zeitpunkt, um ALU zu kaufen? Soll ich ALU jetzt kaufen oder verkaufen?
Beacon Vorhersage
Probabilistische Preisprognose (nächste 24 Stunden)Diese Prognose ist ein experimentelles technisches Produkt und wird lediglich zu Informationszwecken angegeben. Dies stellt keine Anlageberatung dar. Unerwartete Ereignisse in der realen Welt können erhebliche Auswirkungen auf das Marktverhalten haben. Händler sollten Entscheidungen mit Vorsicht treffen.
