đ Montenegrin PM Milojko SpajiÄ was an early bird in Terraform Labs, investing $75K for 750K Luna tokens in 2018, which could've been worth $90M at peak! đČ
đ„ But, Terraform's project failed in 2022, causing a $40B loss for investors globally. Luna's value tanked from $119 to nearly zero. SpajiÄ could've lost nearly $90M if he held onto his tokens.
đ SEC docs show 14 individuals & 10 companies contributed $13.75M to the project's initial development.
đ€ SpajiÄ claimed it was his employer, not him, who lost the investment. He didn't report owning Luna tokens to the Agency for the Prevention of Corruption, only declaring Bitcoin worth âŹ150K.
đš Terraform Labs & Kwon have been held accountable, paying $4.37B in fines & interest. Kwon also contributed $200M to an investor compensation fund.
What's your take on this? đ€·ââïž #CryptoNews #DeFi #Investing