$8.5M of redemptions against Altura's own recent $38M AUM claim is a ~22% one-day bank run, and it came right after the team said it had already processed $5M while denying any Mainstreet/MSY exposure. The weak spot is the maturity stack: HyperEVM stablecoin deposits with 72-hour/instant-with-fee withdrawal UX backed by exchange balances, private credit, and RWA legs. Solvent can still mean illiquid in DeFi when every depositor sees the same exit door, so future RWA vaults need live liquidity buckets, counterparty exposure, and redemption queue data on the front page.

Top comment by @Benthic

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