Terra Classic

<ul><li>Prime Minister Milojko Spajic invested $75,000 in Terraform Labs in 2018, securing 750,000 LUNA tokens before its registration.</li><li>Spajic initially denied personal investment, claiming his company invested, but SEC documents revealed his direct involvement.</li><li>Terraform Labs&#39; collapse in 2022 wiped out $40 billion in the crypto market, causing major investor losses and leading to significant legal actions.</li></ul>New revelations have surfaced about the early investors in Terraform Labs, the company behind the failed cryptocurrency project Terra (LUNA). Nearly a week after Terraform Labs settled with the United States Securities and Exchange Commission (SEC), court documents have <a href="https://en.vijesti.me/news/politics/712039/spajic-was-among-the-first-investors%2C-lost-90-million-dollars" rel="noopener noreferrer nofollow">highlighted</a> a surprising connection. Montenegrin Prime Minister Milojko Spajic was among the early investors in Terraform Labs, investing $75,000 in April 2018 to purchase 750,000 LUNA tokens.The PM&#39;s Investment and Subsequent DenialThe controversy began when Montenegrin media outlet Vijesti reported that Spajic, who took office in October 2023, made this significant investment just days before Terraform Labs was registered in Singapore. According to the SEC&#39;s findings, Spajic was the 16th investor in Terraform Labs during its initial fundraising phase. Despite these revelations, Spajic has consistently denied any personal investment in the project, claiming that Das Capital SG, a Singaporean company he worked for, was the actual investor.However, SEC court documents disclosed that Spajic personally signed a contract with Terraform Labs on April 17, 2018. This direct involvement contradicts his previous statements and raises questions about his transparency regarding this investment.<a href="https://cryptotale.org/montenegrin-pms-hidden-investment-in-terra-revealed-amid-terraform-scandal/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Montenegrin PM's Hidden Investment in Terra Revealed Amid Terraform Scandal

CryptoTale

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