TechFlow news, November 7 — According to The Block, the Avalanche Foundation announced it has completed the repurchase of approximately $52 million worth of AVAX tokens from the now-defunct Luna Foundation Guard (LFG), marking the end of its ties with the collapsed Terra ecosystem. The bankruptcy court recently approved this buyback transaction.
The Avalanche Foundation repurchased 1.97 million AVAX tokens. These tokens originated from a strategic partnership between Avalanche and Terra in early 2022, when the two parties conducted a token swap deal totaling $300 million.




