Montenegro PM Milojko Spajic Revealed as Early Investor in Terraform Labs with $75,000 in Luna Tokens

Jun 19, 2024, 09:51 AM

Montenegrin Prime Minister Milojko Spajic has been revealed as an early investor in Terraform Labs and its cryptocurrency, Luna. According to court documents released by the U.S. SEC, Spajic invested $75,000 in April 2018 to purchase 750,000 Luna tokens. The value of these tokens peaked at $90 million, with some reports noting a peak value of $14 million. Local media reports confirm Spajic's involvement in the Terra ecosystem, which has since become defunct.