**Avalanche Foundation Buys Back AVAX Tokens from Terraform Labs**

- The Avalanche Foundation is set to repurchase 1.97 million AVAX tokens from Terraform Labs for $45.5 million. 💸

- These tokens, now worth $57.4 million, were originally sold to the Luna Foundation Guard (LFG) in April 2022.

- The move, pending court approval, aims to prevent token misuse and simplify bankruptcy proceedings.

- Terraform Labs will recover close to the current market value, reducing litigation costs.

- This comes after Terraform's $4.5 billion settlement with the SEC and its plan to wind down operations.

Source: Avalanche Foundation