The high patron of the founder of Terra Luna, Do Kwon, was probably the Prime Minister of Montenegro. Now, at least, it is clear why Montenegro will not extradite Do Kwon to the United States or South Korea. And why was Do Kwon even there at the time of the arrest?
Local publication #Vijesti, citing US SEC court documents, reports that Montenegrin Prime Minister Milojko Spajic was an early investor in Terraform Labs. In 2018, he bought 750,000#LUNAcoins for $75,000; at their peak they were worth $90 million.
Spajic himself claimed that he never personally invested in the project, but that the Singaporean company Das Capital SG, where he worked in 2017-2020, invested in Terraform Labs. BUT in the SEC documents his name appears on the list of investors.
Let us recall that a week ago#Reutersreported an agreement between Terraform Labs and the US SEC, according to which the company is closed after paying a fine of $4.47 billion. But then it turned out that Terraform Labs was not going to pay anything, because the company was bankrupt. And they don't have that kind of money. This was reported in #Fortune. The SEC may tick off a high-profile case just for show. Apart from a release demanding a billion-dollar fine, there is nothing to take from Do Kwon’s company.