Montenegro Premier Personally Invested in Kwon’s Crypto Holdings

Montenegro’s Prime Minister <-bsp-person state="{"_id":"00000190-3685-d497-a7fb-fe8df3800000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Milojko Spajic personally invested in <-bsp-bb-link state="{"bbHref":"bbg://securities/1741983D%20SP%20Equity","_id":"00000190-3685-d497-a7fb-fe8df3800001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Terraform Labs Pte cryptocurrency holdings years before the company collapsed, US court filings showed.

The discovery raises questions over why the company’s founder <-bsp-person state="{"_id":"00000190-3685-d497-a7fb-fe8df3820000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Do Kwon chose the small Balkan nation when he tried to <-bsp-bb-link state="{"bbDocId":"RUHUJUT0G1KW","_id":"00000190-3685-d497-a7fb-fe8df3820001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">flee prosecution. He was <-bsp-bb-link state="{"bbDocId":"RTH7R6T1UM0W","_id":"00000190-3685-d497-a7fb-fe8df3820002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">jailed in Montenegro in March 2023 while traveling on a fake passport and has been facing dueling demands for extradition from the US and South Korea.

A 36-year-old former banker and a pro-Western politician, Spajic has previously said it was Singapore-based company Das Capital SG, in which he was a partner, that made the ...