According to Odaily Planet Daily, a court document filed by the U.S. Securities and Exchange Commission (SEC) revealed that Milojko Spajic, the Prime Minister of Montenegro who took office in October last year, was one of Terra's early investors. He invested $75,000 in Singapore's Terraform Labs in April 2018 and purchased 750,000 LUNA. Before the court documents were made public, the Prime Minister of Montenegro claimed that he had never personally invested in failed cryptocurrency projects. He also claimed that the $75,000 that was defrauded belonged to the company he worked for, not to him personally.