The Avalanche Foundation has successfully repurchased 1.97 million AVAX tokens from the defunct Luna Foundation Guard (LFG).
Avalanche has repurchased $53 million worth of AVAX tokens from Terra’s Luna Foundation Guard, which were initially bought for $100 million before the Terra Luna collapse.
Avalanche Foundation acquires 1.97M AVAX tokens from LFG, severing ties with Terra blockchain.
Avalanche Foundation purchased $52 million in AVAX tokens from the bankrupt Luna Foundation Guard, led by Do Kwon.
Avalanche Foundation repurchases 1.97 million AVAX tokens worth $52 million from the bankrupt Luna Foundation Guard, approved by a bankruptcy court.
Avalanche is planning a $60 million AVAX buyback following the TFL case, potentially affecting Terra Luna Classic's price trending upward since July, despite an August market crash.
Avalanche Foundation will buy back 1.97 million AVAX tokens from Luna Foundation Guard to protect AVAX's token value, seeking court approval for the move.
The Avalanche Foundation plans to buy back 1.97 million AVAX tokens sold to Luna Foundation Guard before the ecosystem's collapse in April 2022.
AVAX token surged 10% after Avalanche Foundation announced a buyback from Luna Foundation Guard, aiming to reclaim previously sold tokens.
AVAX, Avalanche's native crypto, surged 16% as the Avalanche Foundation plans to repurchase 1.97 million tokens sold to Luna Foundation Guard.
Avalanche Foundation's strategic decision has propelled AVAX's price up by 10%. Partnering with Luna Foundation Guard (LFG), they made a significant token sale in April 2022. Investors are now paying attention, as these moves could push AVAX's value towards $50 soon.
The Avalanche Foundation aims to repurchase AVAX tokens from the Luna Foundation Guard, pending court approval, to uphold original terms and protect token usage.
AVAX price surged 10% following Avalanche Foundation's announcement to repurchase tokens from Luna Foundation Guard.
Luna Foundation Guard transitions $94.7M in crypto assets to direct custody following Terraform Labs' settlement with the U.S. SEC.
Luna Foundation Guard has transferred its crypto holdings to direct custody after settling with the U.S. SEC. Terraform Labs and Do Kwon to pay $4.5 billion in penalties.
Luna Foundation Guard (LFG) transferred $94.7 million in crypto assets to a new address to enhance fund security. This strategic move occurs amidst legal challenges faced by Terraform Labs and Do Kwon with the SEC.
Luna Foundation Guard transferred 1.974 million AVAX, worth around $71.2 million, to an unidentified address shortly after settling with the SEC.
Luna Foundation Guard (LFG) made significant transfers of digital assets, sparking speculation and concern within the cryptocurrency community.
Terra Luna Classic (LUNC) and USTC tokens were incorrectly included in the circulating supply by Luna Foundation Guard, leading to their removal and a price jump for both tokens.
Terraform's lawyers argue against disgorgement in the SEC case, involving Luna Foundation Guard, an entity not party to the lawsuit, proposing a $1M penalty instead.
