Montenegrin Prime Minister Milojko Spajic was revealed to be an early individual investor in Terraform Labs

After Terraform Labs recently reached a $4.5 billion settlement with the U.S. Securities and Exchange Commission (SEC), a court document from April resurfaced, causing a stir in the crypto community. It was revealed that Montenegro's Prime Minister Milojko Spajic was an early investor in Terra (LUNA) tokens.

Reportedly, Milojko Spajic invested $75,000 in Terraform Labs as early as April 2018, acquiring 750,000 Terra tokens. This early investment occurred just days before the company was officially registered in Singapore on April 23, 2018. These tokens were purchased at the very low price of 10 cents each, a rate reserved for the highest-risk early investments.

According to data compiled by an SEC Assistant Director, the amount Milojko Spajic committed to paying in his contract with Terraform on April 17, 2018, coincided with the first day of the project's fundraising. On that day and the following day, an additional 14 individuals and 10 companies paid approximately $13.75 million to cover the initial development and research costs of Do Kwon's cryptocurrency project.

Milojko Spajic still does not clearly state that it is a personal investment

So far, Milojko Spajic has never explicitly claimed that the early investment in Terraform Labs was a personal behavior. Milojko Spajic determined that this early investment belonged to the investment behavior of Das Capital SG, a Singapore-based investment company where he worked in the early days.
Milojko Spajic also did not answer whether he is suing Teraform because he was defrauded and Do Kwon, who is currently being held in Montenegro awaiting a Montenegrin court decision on whether to extradite him to the United States or South Korea to face trial for serious crimes.
However, according to court documents, the Singapore investment company Das Capital SG mentioned by Milojko Spajic was not on the form that the SEC's Elbaum submitted to the court as evidence.
Instead, Andrej Milović, one of Milojko Spajic’s closest collaborators at the time, showed a document from an early individual investor in Terraform Labs, which showed that the buyer of the tokens was luna Spajić, and It was not his company. The contract was signed on April 17th and the contract execution date was April 23rd.

Milojko Spajic's name was listed as No. 16 among a total of 81 first-time investors as of this summer, according to a table of evidence filed by Erlbaum, the SEC's assistant general accountant, in federal court for the Southern District of New York. In 2021, companies and individuals alike are on Do Kwon’s projects. The table clearly shows when an investor in luna tokens is a company and when it is a natural person.

Milojko Spajic could lose $90 million

Milojko Spajic, an early investor in Terraform Labs, purchased 750,000 Terra tokens on April 17, 2018 at the extremely low price of 10 cents each.
Although early-stage investing seemed riskier at the time, this price was the lowest offered in subsequent funding rounds.
Before Terraform Labs collapsed dramatically in May 2022, its market capitalization once reached $2 billion.
At this time, the value of Terra tokens reached a peak of $119. It dropped to almost zero in the following days. Had Chancellor Spagic retained his 750,000 LUNA from this incident, he would have lost nearly $90 million.
Neither Milojko Spajic nor the government’s public relations service has spoken to date about the number of Luna tokens held by Terraform Labs before its collapse. However, according to Vejesti's report, Spagic complained that his relatives had lost a large amount of money. This means Spajic likely retained at least some of its tokens during the crash.

Milojko Spajic helps Do Kwon escape?

Do Kwon had been hiding in Montenegro for a long time, and was arrested by Montenegro until there was a problem with his passport.
After his arrest, Do Kwon was originally ordered to be extradited to the United States for trial in February this year, but in March the appeals court changed the decision to extradite to South Korea. Later, the Supreme Prosecutor's Office of Montenegro asked the Supreme Court to overturn the ruling and sought to change Do Kwon's extradition. To the United States, the extradition decision has been unable to be implemented smoothly.
There may be some connection with Milojko Spajic.