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Avalanche will repurchase the 1.97 million AVAX Tokens previously sold to LFG
Foresight News reported that the Avalanche Foundation has announced that it has reached a protocol to repurchase all 1.97 million AVAX tokens sold to the Luna Foundation (LFG) in April 2022, and is currently awaiting approval from the bankruptcy court. This ensures that LFG does not violate the original protocol's restrictions on token usage and protects the tokens from the complexity of bankruptcy trustee liquidation, while returning 1.97 million AVAX tokens to the foundation's holders.