Montenegro Premier Personally Invested in Kwon’s Crypto Holdings

Montenegro’s Prime Minister Milojko Spajic personally invested in Terraform Labs Pte cryptocurrency holdings years before the company collapsed, US court filings showed.

The discovery raises questions over why the company’s founder Do Kwon chose the small Balkan nation when he tried to flee prosecution. He was 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.