US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs
Summary
Montenegro's Prime Minister, Milojko Spajic, invested in Terraform Labs before its collapse, raising concerns as the company's founder sought refuge in Montenegro. Spajic denies personal investment, claiming it was made by a Singapore-based company. The revelation has sparked opposition calls for his resignation. Terraform Labs and its founder are facing legal action and a $4.5 billion settlement with the SEC. The company has announced its dissolution, and the founder's extradition fate is pending court decisions. The controversy has increased pressure on Spajic, as Montenegro faces political instability. The native token, Luna Classic (LUNC), has experienced significant price declines.
