Prime

April

Coin

<ul class="news-points">
 <li>Montenegrin Prime Minister was an early investor in Terraform Labs.</li>
 <li>SEC documents reveal Spajic’s undisclosed $75,000 investment in LUNA.</li>
 <li>Spajic’s involvement raises questions about transparency and accountability.</li>
</ul>
News media agency, Vijesti <a href="https://en.vijesti.me/news/politics/712039/spajic-was-among-the-first-investors%2C-lost-90-million-dollars" target="_blank" rel="noopener noreferrer nofollow">reported</a> that court documents released by the U.S. Securities and Exchange Commission revealed Montenegrin Prime Minister Milojko Spajic as an early investor in Terraform Labs, the company behind the collapsed LUNA and TerraUSD (UST) tokens. The revelation has ignited controversy and raised questions about transparency and accountability.
The SEC court documents show Spajic invested $75,000 in April 2018 to purchase 750,000 Luna tokens. At its peak, these tokens were valued at $14 million.
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Prime Minister Spajic’s investment came just days before Terraform Labs was officially registered in Singapore on April 23, 2018. This revelation has reignited controversy around the failed crypto project, which had already faced significant scrutiny. Nearly a week after Terraform Labs <a href="https://coinedition.com/terra-labs-settles-with-sec-for-4-47b-do-kwon-banned/" rel="noopener noreferrer nofollow">settled with the SEC</a>, new findings from the April court document highlighted Spajic’s involvement.
Subsequently, Spajic previously claimed …
The post <a href="https://coinedition.com/terras-collapse-the-fallout-reaches-a-prime-ministers-office/" rel="noopener noreferrer nofollow">Terra’s Collapse: The Fallout Reaches a Prime Minister’s Office</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Terra’s Collapse: The Fallout Reaches a Prime Minister’s Office

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