Pursuant to the agreement between TFL and the SEC, TerraformLabs is in bankruptcy liquidation proceedings.
➖Do Kwon's signature is noteworthy in the agreement made between TerraformLabs, Luna Foundation, Do Kwon and Avalanche within the scope of bankruptcy liquidation proceedings.
➖Do Kwon; signed as authorized signatory on behalf of both himself and the Luna Foundation. This text was signed on 10.09.2024.
⚠️ This agreement covers #AVAX tokens in the Luna Foundation wallet. These tokens were transferred to the bankruptcy estate.
▪️ It is wondered what will happen to the funds in the Luna Foundation, including AVAX. In particular, it is not clear what will happen to the #LUNC and #USTC funds. It is wondered whether 1.86 billion USTC and 220 billion LUNC coins will be distributed to the victims or burned.
