Dear All, I wanted to provide you with a brief update. Our legal team has written to the bank, and the bank has acknowledged receipt and acceptance of the letter. We have not received any further response at this stage. We are continuing to monitor the situation closely alongside our legal team and will keep you informed of any updates as and when we receive them. Thank you for your patience and understanding.

Dear All, I wanted to provide you with an update on the current situation. Since last week, I have been in daily contact with the bank. Unfortunately, the only information they have provided is that the account remains under review, and they are unable to share any further details at this time. Our legal team is finalising a formal letter to the bank today. The letter explains the flow of funds and requests the immediate release of the account. In addition, our legal advisers have recommended that we begin discussions with licensed liquidators so that, if necessary, we can commence an orderly wind-down process with professional guidance. I will be spending the next few days making the necessary arrangements. Please be assured that I remain committed to keeping you informed. As soon as I receive any further updates, you will be the first to know. Thank you for your continued patience and understanding during this challenging time.

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. Updates will be shared across our official X account, Telegram channel, and Discord as they become available. In the meantime, we will be temporarily pausing the community chats due to our limited team capacity. This will allow us to focus on resolving the situation and communicating any developments as quickly as possible. We kindly ask everyone to avoid speculation while we await the outcome of the bank's review. We understand there may be questions, but until we receive official information, we don't want to provide assumptions or inaccurate updates. As soon as we have any confirmed developments, they will be shared with the community immediately. We appreciate everyone who continues to stand by us during this time. Our focus remains on resolving this situation and moving forward as quickly as possible. Thank you for your patience, understanding, and continued support. Please keep an eye on our official X account for the latest updates.

Hi everyone, As many of you have already seen, we have now received the full return of funds from our RWA partners as of 23 July 2026. What's happening next? Our next step is to complete the OTC transaction over the coming days. We have been informed that our OTC account should be active today or tomorrow. However, to remain conservative with our timeline, we are working on the assumption that it will be fully operational by 27 July, allowing us to complete the OTC purchase between 27–28 July. To streamline the final funding process, we have decided to consolidate all assets into our Kraken account, as Kraken supports withdrawals on HyperEVM. This means funds currently held on OKX, Cobo, as well as the OTC purchases, will all be transferred to Kraken. As always, every transfer will be publicly visible on our Proof of Reserve page, allowing the community to follow the movement of funds in real time as we complete this final stage. Based on the current timeline, we expect the Vault to be fully funded on or before 31 July. Once the Vault is fully funded, you will be able to redeem your funds exactly as before. The Vault functionality and redemption process will remain unchanged. What's next for Altura? Over the past few months, Altura has worked tirelessly to unwind all of its strategies in a transparent and responsible manner. Throughout this process, we have remained committed to keeping our community informed every step of the way. We would also like to extend our sincere thanks to our RWA partner, Inessa and Travessia, for delivering on their commitments—and doing so ahead of schedule. For now, Altura will be winding down operations. After an incredibly demanding period, it's time for us to take a well-earned break and spend some time with our families. It has been a privilege to serve this community, and we are incredibly grateful for the trust and support you've shown us throughout this journey. If there is an opportunity to launch another Vault in the future, you will be the first to know. Until then, thank you for being part of the Altura community.

Dear Community, As many of you know, the winding-down process is progressing well, and we'd like to share an update. We currently have approximately USD 1 million in assets remaining to unwind from the vault's strategies, and we expect this process to be completed on or before 23 July 2026. Our onboarding with the OTC desk is also nearing completion. Once finalized, we aim to begin processing full redemptions on or before 31 July 2026. When redemptions go live, the process will be simple and familiar, you will just need to visit the dashboard and submit your claim, just as you have done previously. For anyone holding AVLT within Morpho, these redemptions will also allow those positions to unwind. To add some clarity on the Proof of Reserves dashboard, here is what each position represents: Altura Bank Account: funds already returned from the unwind, held in cash and to be converted to USDT for redemptions. OKX: capital from the delta-neutral strategies, market making and funding rate positions. Sitting fully in stablecoins, liquid, and under Altura's control. Inessa: the RWA portion still to return through the unwind. This is the part the ongoing transfers are steadily bringing back. Cobo: assets held on-chain in institutional-grade custody, in stablecoins and liquid. Ethereum: the remaining portion of the mF-ONE position, held on Ethereum. Morpho: Altura's own treasury position lent into Morpho against mF-ONE, liquid once redemptions begin. The Proof of Reserves dashboard stays live and updates in real time: As always, official updates come only from @alturax. Thank you.

Community Update – Strategy Unwinding Progress Dear Community, We would like to provide you with a transparent update on the progress of the strategy unwinding process. As of today, we have successfully received USD 14.97 million, with USD 6.95 million remaining outstanding. To ensure full transparency, we are displaying the progress of incoming transfers on our Proof of Reserve (POR) Dashboard using live UETR payment tracking provided by the originating bank. The Accountable dashboard reflects the same underlying progress, although updates may appear with a delay due to manual reconciliation processes. Once all funds have been received, they will be transferred to our OTC counterparties for the purchase of USDT0, following which the vault will be funded. During this stage, fund movements will continue to be visible through our Proof of Reserve (POR) system. However, these transactions will not be reflected on the Accountable dashboard, as OTC counterparties do not provide API connectivity or live reporting capabilities. As previously communicated, Altura is in the process of winding down its operations. Accordingly, our monthly service agreement with Accountable concludes on 17 July 2026, and both parties have mutually agreed to terminate the engagement at the end of the current billing cycle. We would like to make it clear that this decision is solely a consequence of the company's wind-down process. Throughout our relationship, we have maintained a positive working relationship with Accountable and all of our other service providers, and there have been no operational issues leading to this decision. Our own Proof of Reserve (POR) platform will remain operational and will continue to provide real-time updates throughout the remainder of the redemption process. Based on the current timetable provided by Inessa, we anticipate receiving the remaining funds on or before 23 July 2026. Once these funds have been received and reconciled, we will provide a further update regarding the OTC settlement process, which we expect to be completed promptly thereafter. As always, we appreciate your continued patience and support. We remain committed to providing transparent and timely updates as we progress through each stage of the wind-down and redemption process.

Altura Community Update The Inessa unwind has crossed the halfway point. More than half of the funds deployed to Inessa have now returned. You can follow each transfer as it lands on the Altura Proof of Reserves dashboard. What's next: the remaining funds keep returning the same way, and we will share a fuller FAQ early next week to answer some of the questions being raised in our community channels. Once all funds back and verified, redemptions reopen for everyone at once. Proof of Reserves: We are grateful for the patience and trust this community has shown, and we will keep sharing progress until the unwind is complete.

Altura Community Update The wind-down of the Inessa strategy is well underway. Over $4.3M has been received this week alone, with transfers landing on each of the first three banking days, bringing the total received to over $9.7M. The remaining funds deployed to Inessa are being returned via wire transfer and are expected to continue arriving at the current pace. Every deposit is published on the Proof of Reserves dashboard and can be independently verified on J.P. Morgan's payment tracker. Each transfer is then manually reconciled by our transparency partner Accountable, whose dashboard updates as each review completes. Once all assets are returned and verified, redemptions reopen for everyone at the same time. Thank you for your patience. The unwind is moving, and every transfer will continue to be published as it lands. Proof of Reserves: Accountable:

Altura Community Update We have been notified that no transfers will be processed today. Most of our payments are made in USD through JP Morgan Chase, and many US banks are observing the Independence Day holiday, since the 4th of July falls on a Saturday this year. Payments resume on the next banking day. You can follow the recovery progress live on the Altura PoR dashboard in our app. Thank you for your patience. The team is working to keep the recovery moving, and we'll share more as transfers resume.

Altura Community Update Treasury recovery from Inessa is progressing on schedule. Inessa has informed us that there are no bank transfers today, with transfers resuming tomorrow at higher volumes. You can follow the recovery progress live on the Altura PoR dashboard in our app, updated as funds arrive and are reconciled. Transfers are later reconciled independently by Accountable and reflected on their dashboard. As a reminder, redemptions will begin once all treasury assets have been fully recovered and verified. We are also reading the community's feedback closely and are working on greater transparency and what comes next for Altura. More to share soon.

Altura Community Update The recovery of treasury assets from Inessa is ongoing and progressing steadily. Two transfers totalling USD 1.2 million arrived today. Funds are arriving in tranches as the unwind continues. Today's transfers are already verifiable through JPMorgan's payment tracker, using the reference ID shown on Altura's Proof of Reserves dashboard, where details appear first: The Accountable dashboard takes slightly longer to update. Accountable independently verifies each transaction before updating it. That short delay is the independent check working as intended. You can find the dashboard at We are grateful for your patience. The Altura team is working around the clock to see this through, and we will keep you updated as things progress.

Treasury Unwind Update The Inessa unwind is underway, and transfers to Altura's bank account are now being processed through JPMorgan Chase. We have added a new Proof of Reserves tab to the Altura app, where every transfer can be followed: As funds arrive, Inessa exposure decreases and Altura bank account exposure increases. The Altura POR dashboard reflects these changes immediately. Each transfer is also independently verified by Accountable, and their dashboard may take slightly longer to update, as reconciliation is done manually on their side. We are scaling transfer sizes up gradually so each step clears cleanly through the banking and verification process. Today's transfers reflect that approach, and amounts are expected to increase over the coming days. As previously stated, redemptions will open once all treasury assets have been recovered and verified, and will then be processed together, so everyone is treated equally. For those borrowing against AVLT on Morpho, we understand this is a difficult position. To keep the process fair for all holders, redemptions are handled together rather than individually. Morpho's markets are also immutable, so the terms cannot be changed on-chain by anyone. Your position stays in your control, and you can repay and unwind on Morpho at any time. We are grateful for the patience and trust this community continues to show, and we will keep sharing progress until the unwind is complete.

These are unfounded accusations. Every address below is part of our vault architecture, and all of it is public. A/ 0xFC45cF9323A3057899bc681Bcb7F781f87660ADf Where we deposit funds with our custody partner, @Cobo_Global. B/ 0xBD151BeF567dAbf712A811402A27839768a13D70 Cobo's custody wallet, where funds are pooled. Standard custody token sweeping: C/ 0x873E1C729a12658E4e3f39e927687E424967CcbF Our deployment wallet. From here, funds go out to strategies. The transfer to Kraken funds our RWA strategy, which can't be funded directly on HyperEVM, so the funds route through an exchange to reach it. Over the last 4 days it has instead routed back to the vault to meet redemptions. D/ 0xd0Ee0CF300DFB598270cd7F4D0c6E0D8F6e13f29 Our vault. Funds return here as liquidity is needed for redemptions. The vault is over-collateralized, near 104% and live on our dashboard.

Dear Users, Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions. Given the sustained withdrawal demand and current market sentiment, we have made the difficult decision to begin an orderly wind-down of the Altura vault. Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner. To facilitate this process, we have notified all counterparties and partners of our decision and have started unwinding positions across the portfolio. These positions include allocations held on exchanges, private credit opportunities, and real-world asset strategies. While some positions can be redeemed immediately, others require standard settlement and redemption periods, and we are working closely with all counterparties to accelerate the process wherever possible. We want to reassure all users that the wind-down is being conducted in a structured manner and that capital is being returned as underlying positions are redeemed. Despite it being a weekend, our team has worked around the clock to process withdrawal requests and maintain continuous communication with partners and users. I am incredibly proud of the effort and commitment demonstrated by everyone involved during this period. Personally, I am deeply disappointed by how quickly misinformation and speculation can spread within the industry. Altura has always operated with transparency and integrity, and it is unfortunate to see unfounded narratives contribute to market fear and withdrawal pressure. Nevertheless, our focus remains unchanged: executing an orderly wind-down and returning capital to users as efficiently as possible. We will continue providing regular updates as redemptions progress and additional liquidity becomes available. Thank you for your trust and support throughout this process. Ranveer Arora CEO, Altura

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