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Avalanche Foundation repurchases 1.97M AVAX tokens from Luna. The move protects the tokens from liquidation during LFG's bankruptcy.

The AVAX price has surged by a staggering 10% in the last few hours after the recent announcement by the Avalanche Foundation of a repurchase agreement with the Luna Foundation Guard (LFG) – the entity associated with Terra blockchain – to buy back all tokens sold back in 2022. This has pushed AVAX closer to

LUNA and LUNC rally as USTC burn proposal boosts market confidence with surging volumes and bullish sentiment.

Montenegro's former Justice Minister Andrej Milović has raised serious concerns about the potential link between the extradition of Terraform Labs co-founder Do Kwon and Montenegro's airport concession deal with South Korea, local news outlet Vijesti reported on Sept. 24.

Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.

The alleged use of Do Kwon's extradition for an airport deal could undermine trust in Montenegro's political and judicial integrity. The post Do Kwon's extradition used as pressure in Montenegro-South Korea airport negotiations, claims former justice minister appeared first on Crypto Briefing.

The shutdown of Terraform Labs sets an important standard for how bankruptcies are handled in the crypto industry, and will likely influence future bankruptcy cases.

Terraform Labs has gained court approval to wind down its operations in bankruptcy after reaching a settlement with the U.S. Securities and Exchange Commission (SEC), as reported on September 19.

Montenegro's Supreme Court says both the US and South Korea have met the requirements to request Do Kwon's extradition for criminal charges.

How did the U.S. bankruptcy court's approval of Terraform Labs' wind-down plan affect Terra Luna Classic and LUNA prices?

The approval marks the final step in Terraform's Chapter 11 bankruptcy proceedings.

According to Montenegro's Supreme Court, the US and South Korea had both met the conditions for applying for Do Kwon's extradition to face criminal charges.

Some crypto observers have sounded the alarm on Solana (SOL), comparing the blockchain network to the ill-fated Terra token, Luna (LUNA), which collapsed in 2022, fueling a crisis that gripped the whole crypto industry.

The company behind TerraUSD and Luna could shell out up to $442 million to investors.

TL;DR Terraform Labs Shutdown: Terraform Labs, the company behind Terra (LUNA) and TerraUSD (UST), has received court approval to wind down operations after a $40 billion collapse in 2022. SEC Settlement: The U.S. Bankruptcy Judge approved a bankruptcy plan involving nearly $4.5 billion in penalties, with co-founder Do Kwon personally liable for $204 million.

Terraform Labs, the creator of the Terra blockchain protocol, has secured court approval to proceed with its bankruptcy wind-down.

The Terraform Labs startup is on track to wind down its operations after receiving the approval from Judge Brendan Shannon.

On Sept. 19, Terraform Labs, the company behind the Terra blockchain protocol, gained court approval to wind down its operations as part of its bankruptcy proceedings. During a pivotal hearing on Thursday, U.S.

Do Kwon's Terraform Labs, the company behind the blockchain protocol Terra, secured court approval on Thursday, to wind down its operations in bankruptcy.

Terraform Labs is officially shutting down as its bankruptcy plan has been accepted. The SEC has accused the company of fraudulent activities that caused its investors to lose $40 billion when the TerraUSD and Luna tokens collapsed in 2022. After a long legal battle, the court has accepted its plan for bankruptcy.

A U.S. judge approved Terraform Labs bankruptcy plan to wind down operations following its settlement with the SEC over investor fraud.

Terraform Labs received court approval to wind down its operations in bankruptcy after settling a US Securities and Exchange Commission (SEC) lawsuit, Reuters reported Sept. 19. US Bankruptcy Judge Brendan Shannon approved Terraform's bankruptcy plan in Wilmington, Delaware, calling it a “welcome alternative” to further litigation over investor losses.

Terraform Labs gets court approval to wind down its operations in the latest bankruptcy hearing, gaining investors' attention. A US Bankruptcy judge has approved the firm's plan, which came after its settlement with the US SEC.

After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform's legal cases in the US are beginning to wind down.