07 Nov 202411:20
Project update

Avalanche buys back 2M AVAX sold to Terra's LFG in 2022 deal
A bankruptcy court has allowed the Avalanche Foundation to repurchase ~$52M worth of AVAX tokens it previously sold to the defunct Luna Foundation Guard. The current value of the sold AVAX tokens is 48% less than its original value of $100 million.
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