Fresh U.S. court filings have revealed that Montenegro Prime Minister Milojko Spajic personally invested in fugitive Do Kwon’s Terraform Labs crypto project years before the company’s collapse.

Before assuming his PM office, Spajic — a crypto entrepreneur in his own right — invested invested $75,000 in Terraform Labs in 2018. He acquired 750,000 LUNA tokens at 10 cents each. 

At its peak, LUNA’s value soared to $199 per token, potentially making Spajic’s investment worth over $140 million. He likely sold some of his holdings before the collapse, profiting from his investment.