Altura Investors Allege $32M Missing After Vault Shutdown

Investors in the collapsed Altura stablecoin vault have alleged that approximately $32 million remains unaccounted for four months after the protocol began winding down. According to CryptoNews, a UK legal dispute has raised new questions about the location of customer funds following months of disputed explanations and delayed repayments.

Disputed Bank Records and Vault Shutdown

Altura began unwinding its stablecoin vault in June after processing more than 8.5 million USDT in instant redemptions within 24 hours. Founder Ranveer Arora initially attributed the wind-down to sustained withdrawal demand requiring ordinary settlement periods. By late July, Altura stated that approximately £16.4 million intended for redemptions was held in an Allica Bank account undergoing internal restrictions.

However, an investor source cited by CryptoNews alleges that screenshots shared around July 28 showing funds at Allica Bank were fabricated and that investigators found no account matching Altura's description. The source further claims financial investigations traced investor money through several UK banking accounts followed by transfers to an unidentified service with links to China.

UK Legal Proceedings and Recovery Efforts

Affected depositors pursued court proceedings and financial tracing under UK case reference BL-2026-001127. The investor source claims that depositors obtained freezing and disclosure measures against Altura and Arora in September. Separate reporting published in October described a September 25 hearing and an interim worldwide freezing order, though original court documents were not independently examined.

Public UK company records identify Arora as the person controlling at least 75% of Altura DeFi Ltd’s shares and voting rights. The source stated that investors have filed criminal complaints in several countries, including the UK and Germany, though specific reference numbers and acknowledgments were not supplied.

Key facts

• Approximately $32 million remains unaccounted for four months after Altura's stablecoin vault shutdown, according to investors.
• An investor source alleges Altura circulated fabricated Allica Bank screenshots showing approximately £16.4 million.
• UK legal proceedings under case reference BL-2026-001127 involve freezing and disclosure measures against Altura and founder Ranveer Arora.
• Altura initially began winding down in June after processing over 8.5 million USDT in instant redemptions within 24 hours.