Altura Airdrop » ALTU rewards ended, vault winding down

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Official updates
Chain: Hyperliquid

Ended

Jump to steps Updated 30 Sep 2026 Checked 29 Sep 2026

Altura Airdrop Details

Status: Ended. Altura’s $ALTU pre-TGE rewards closed on 30 April 2026 and no ALTU token has launched. The vault itself has been winding down since 21 June 2026 and $AVLT redemptions are on hold.

Rewards program: $750,000 in ALTU at a $150M FDV, 21 January to 30 April 2026
TGE: not held, no ALTU token as of 29 September 2026
Vault: winding down, withdrawals paused since 22 June 2026
Claim path: none for ALTU. AVLT redemptions wait on a bank review with no end date

Warning: don’t deposit into Altura and don’t pay anyone who offers to claim or recover funds for you. Altura posts official updates on its X account.

Latest update: Altura vault wind-down stalls at the bank

Altura’s final AVLT redemptions have been stuck since 28 July 2026, when the team said its bank had restricted the account holding the recovered cash. Altura had planned to turn that cash into USDT and reopen redemptions on or before 31 July 2026. On 3 August 2026 CEO Ranveer Arora wrote that Altura’s legal advisers recommended talks with licensed liquidators. The latest update we found, posted on 17 August 2026, says the bank acknowledged a letter from Altura’s lawyers and hasn’t responded since. Cryptopolitan read the restricted balance in Altura’s screenshot as about £16.4 million. As of 29 September 2026 there’s no redemption date.

Why the Altura vault is winding down

A withdrawal rush hit Altura in June 2026. Arora said on 21 June 2026 that the vault had paid out more than 8.5 million USDT in instant redemptions in 24 hours and would begin an orderly wind-down. The next day the team paused withdrawals, blaming a maturity mismatch between its onchain and off-chain positions rather than an exploit.

The unwind ran through July. On 23 July 2026 Arora reported the full return of the RWA funds and said Altura itself would wind down operations. That returned cash is what now sits behind the bank review.

Altura pre-TGE rewards campaign (Ended)

From 21 January to 30 April 2026, 14:00 UTC, Altura split a fixed pool of $750,000 in ALTU, priced at a $150M FDV, pro rata between AVLT holders. AVLT was the vault’s share token. Rewards accrued automatically on Merkl and in the Altura app, per the pre-TGE incentives docs. At TGE 30% was due to unlock, with the other 70% vesting linearly over six months.

That TGE hasn’t happened. CoinGecko lists no ALTU token as of 29 September 2026 and none of the wind-down updates we read, from 21 June to 17 August 2026, mentions ALTU or the pre-TGE rewards. An ALTU balance on Merkl or on a leaderboard is a claim on a token that doesn’t exist.

What AVLT holders can do now

Watch for the redemption to reopen

Altura’s plan is that holders redeem through the same dashboard as before once the vault is funded. That covers AVLT posted on Morpho too. Track the Proof of Reserves page, which Altura says updates in real time. Trust only posts from Altura’s own X account.

Repay Morpho loans yourself

If you borrowed against AVLT on Morpho, Altura said on 25 June 2026 that the markets are immutable and you can repay and unwind at any time. Nobody at Altura can change those terms for you.

Sell AVLT at a discount

CoinGecko lists AVLT trading on the Project X DEX on HyperEVM and priced it at about $0.04 on 29 September 2026, down from a $1.10 high on 3 June 2026. Selling locks in that loss. Holding is a bet that the bank releases the cash and the redemption goes ahead.

Frequently Asked Questions

Can I still withdraw from the Altura vault?

Not for now. Altura paused withdrawals on 22 June 2026 and planned one redemption round for every holder once its assets were back in USDT. That round has been stuck since 28 July 2026, when its bank restricted the account holding the cash. Altura has given no new date.

Will Altura still launch the ALTU token?

Nothing points that way. The pre-TGE rewards were due to unlock at a TGE that hasn’t happened, CoinGecko lists no ALTU token and Altura’s wind-down updates since June 2026 don’t mention it. CEO Ranveer Arora wrote on 23 July 2026 that Altura was winding down operations.

Did Altura get hacked?

Altura says it didn’t. Its 22 June 2026 update said no strategy failed, there was no exploit and reserves stood near 104% of deposits. The problem it described was liquidity: withdrawals came faster than its off-chain positions, such as the RWA strategy, could be turned back into cash.

Is Altura the same project as the Altura gaming token ALU?

No. ALU belongs to Altura, a Web3 gaming platform at altura.com with its own X account. The Altura on this page is the HyperEVM yield vault at altura.trade. Its vault token is AVLT and its planned token is ALTU. News about ALU says nothing about this vault or its redemptions.

Conclusion

There’s nothing left to farm here. The ALTU rewards were a promise on a token that hasn’t been issued, so we’d value them at zero unless Altura says otherwise. For AVLT holders the choice is a steep loss on the market now or a wait on a bank review with no end date. Arora’s mention of liquidators on 3 August 2026 means that wait could end in a liquidator-run wind-down. Our guide to airdrop types and safety covers the warning signs. Live HyperEVM farms are on the potential Hyperliquid airdrops page.

Not financial advice. Holding AVLT now is a bet on a bank decision and possibly a liquidation, not on yield.

Official updates

What is Altura

Altura is a multi-strategy yield vault on HyperEVM, the EVM layer of Hyperliquid. Users deposited USDT, received AVLT vault shares and earned through a rising price per share while Altura ran the capital through market making, funding rate and basis arbitrage plus a real-world asset strategy focused on gold.

CEO and co-founder Ranveer Arora’s team raised $4M on 1 December 2025 in a round led by Ascension with Moonfare and InnoFinConn. Adevarlabs, Omniscia and Sherlock audited the contracts between December 2025 and February 2026. The June 2026 liquidity crunch came from off-chain positions, by Altura’s account, not the contracts. The vault has been winding down since 21 June 2026. For other projects on the chain, see our Hyperliquid ecosystem tier list.