Montenegrin Prime Minister, Milojko Spajić, has been identified as an early investor in Terraform Labs, according to recent reports. Court documents reveal that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens, which at their peak were valued at $90 million.

However, Terraform Labs' cryptocurrency project failed in 2022, leading to losses exceeding $40 billion for investors worldwide. The collapse of Luna token in spring 2022, from a peak of $119 to nearly zero, resulted in significant losses for investors.

Despite this, Spajić maintained that it was his employer, not he personally, who was defrauded of the investment. It remains unknown whether Spajić asked for a return on his investment or compensation for lost profits.

Terraform Labs and its founder, Do Kwon, have since been held accountable for defrauding investors, with the SEC securing a settlement requiring the company to pay $4.37 billion in fines and interest and Kwon to contribute $200 million to an investor compensation fund.