Help Do Kwon escape? The Prime Minister of Montenegro is an early investor in Terra and holds 750,000 LUNA

The public chain Terra ecological algorithm stable currency UST and the native token LUNA were hit by thunder in May 2022, causing global investors to lose US$40 billion. After its founder Do Kwon fled South Korea, His whereabouts were unknown for a long time, and it was not until March last year that he was arrested in Montenegro (Montenegoro) due to a fake passport issue.

The Prime Minister of Montenegro was revealed to be an early investor in Terraform Labs

At that time, everyone had a doubt, that is, why was Do Kwon finally arrested in Montenegro, a small country that many people may have never heard of?

This question did not have a possible explanation until local media reported it recently. It turns out that Montenegro Prime Minister Milojko Spajic, who will take office in October 2023, invested US$75,000 in Terraform Labs in April 2018 and purchased 750,000 LUNA tokens (now renamed LUNC, which is worth more than 7,500 based on the highest market value) Ten thousand U.S. dollars).

It is worth mentioning that until the court documents were made public, Milojko Spajic had always claimed that he had never personally invested in the failed cryptocurrency project Terraform Labs; on the contrary, he stated that he worked in Singapore from 2017 to 2020. Investment company Das Capital SG lost €75,000 on its investment in Terraform Labs.

However, the SEC filing reveals that his name is listed at No. 16 on the investor list, and that he was also one of the earliest investors to sign a contract with Terraform Labs, dated April 17, 2018. day.

The Prime Minister of Montenegro secretly helped Do Kwon escape?

Although there is no evidence yet, it is possible that Do Kwon was helped by Prime Minister Milojko Spajic during his escape and was able to hide in Montenegro for such a long time until there was a problem with his passport (or maybe Spajic wanted to eradicate the root cause) Just got caught.

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 have Do Kwon Instead, he was extradited to the United States, but the extradition decision has never been implemented smoothly. Maybe it was also influenced by Spajic...

Civil Litigation and SEC Settlement

In April this year, a New York federal jury formally found Do Kwon and Terraform Labs guilty of fraud. After losing the case, Do Kwon and Terraform Labs, which initially refused to pay the $5.3 billion fine requested by the SEC and argued that the SEC had no right to sue, reached a preliminary settlement with the SEC at the end of May.

On the 12th of this month, Terraform Labs and Kwon agreed to pay fines of approximately US$4.47 billion and US$204.3 million to the SEC respectively, and settled with the SEC. It was approved by Judge Jed Rakoff of the New York Federal Court in the United States on the 13th.

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