📉Fresh US court documents have revealed that Montenegrin Prime Minister Milojko Spajic personally invested in fugitive Do Kwon's Terraform Labs crypto project years before the company's collapse.
• Spajic invested $75,000 in Terraform Labs in 2018, receiving 750,000 LUNA tokens at 10 cents each.
• At its peak, LUNA's value rose to $199 per token, potentially turning Spajic's investment into over $140 million.
• Kwon, the founder of Terraform Labs, has been detained in Montenegro since March 2023 and faces extradition requests from the United States and South Korea.
• The collapse of Terraform Labs led to the loss of almost $40 billion by crypto owners.
• Terraform Labs and Kwon reached a $4.47 billion settlement with the SEC. The company will cease operations, and Kwon will receive a permanent ban from working in the crypto industry.
This discovery adds intrigue to the unfolding drama surrounding Kwon and Terraform Labs.