According to PANews, Terraform co-founder Do Kwon and former executive Han Chang-joon not only bought luxury apartments in Belgrade, Serbia’s capital, before traveling to Montenegro, but they may have met with Montenegrin Prime Minister Milojko Spajić at some point before their arrest. According to former Montenegrin Prime Minister and current MP Dritan Abazović, the two may not only be associating with the Serbian elite and evading law enforcement agencies, but also have a bigger agenda.

Abazović claims that a source told him that Do Kwon and the country's Prime Minister Milojko Spajić met at Topalovićeva 4 in Belgrade, and that Spajić may have reached an agreement with Do Kwon to purchase millions of dollars worth of Terra/Luna tokens for a Bulgarian-registered, Singapore-based hedge fund called Das Capital. Although there is no evidence to prove this claim, it is worth noting that Spajić did work for Das Capital, and it is unclear when he last helped the company make a deal and whether the hedge fund is involved in cryptocurrency.