Altura's $21.88M Fiat Frozen, Blocking USDT Purchase and Vault Closure Plans

Altura's $21.88M bank account frozen by lender, halting planned USDT conversion for vault closure. Community chat suspended as project awaits bank review resolution.

Woofun AI reports that on-chain revenue platform Altura disclosed the temporary freezing of its bank account holding approximately £16.446 million ($21.88 million). This action obstructs the company's plan to purchase USDT via OTC partners, a step intended to facilitate an orderly shutdown of the Altura vault following a surge in withdrawals announced on June 22. Altura stated it is communicating with the bank, which requested patience during the review process, while the project suspended community chat functions to focus resources on resolving the issue.