According to Vijesti, Montenegro Prime Minister Milojko Spajic is one of the early investors in Terraform Labs. Court documents released by the U.S. Securities and Exchange Commission (SEC) show that Spajic invested $75,000 in April 2018 to purchase 750,000 $Luna tokens, and Terraform Labs was officially established on April 23, 2018. Previously, Spajic claimed that the Singapore company Das Capital SG, where he had worked, invested in Terraform Labs, but the SEC documents show that he personally ranks 16th on the list of investors.