Prime Minister Milo Djukanovic of Montenegro invested $75,000 to purchase 750,000 Luna coins in 2018. This investment was made through his Singapore-based company Das Capital SG. Following the settlement between Terraform Labs and the U.S. Securities and Exchange Commission (SEC), new court documents reveal the direct contractual relationship between Djukanovic and Terraform Labs. Previously, the collapse of Luna and TerraUSD tokens launched by Terraform Labs in 2022 resulted in losses of nearly $40 billion in the crypto market. Co-founder Do Kwon was arrested for fraud, and Djukanovic's direct investment relationship may bring him new troubles.

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<p>Breaking news from TechFlow: Following the settlement between Terraform Labs and the U.S. Securities and Exchange Commission (SEC), new court documents have sparked controversy. According to Montenegro media reports, Montenegro Prime Minister Milojko Spajic invested $75,000 to purchase 750,000 Luna coins in April 2018.</p>
<p>SEC documents reveal that Spajic was one of the earliest investors in Terraform Labs, with a contract date of April 17, 2018. Previously, he claimed that the investment in the project was made by Das Capital SG, a company he worked for in Singapore.</p>
<p>The collapse of Luna and TerraUSD tokens launched by Terraform Labs in May 2022 resulted in nearly $40 billion in losses in the crypto market. Co-founder Do Kwon was arrested for fraud.</p>
<p>The new documents indicate that Spajic has a direct contract with Terraform Labs, potentially leading to new troubles.</p>
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Montenegro's Prime Minister invested in Luna Coin in 2018, new documents reveal direct contractual relationship.