Newly released court documents from the US Securities and Exchange Commission (SEC) have revealed that Montenegro's Prime Minister, Milojko Spajic, was an early investor in the now-defunct cryptocurrency project, Terra. Spajic, who assumed office in October last year, invested $75,000 in Terraform Labs in April 2018, acquiring 750,000 LUNA tokens.

This revelation contradicts Spajic's previous claims that he had never personally invested in a failed cryptocurrency project. In fact, he had stated that his company was the victim of a $75,000 fraud, not him personally. The court documents, however, suggest that Spajic was directly involved in the investment, which has raised questions about his transparency and accountability.

The investment in Terra, which was made in 2018, was likely a lucrative opportunity for Spajic at the time. However, the project's eventual collapse has led to significant losses for investors, including Spajic. The SEC's investigation into Terraform Labs and its affiliates has shed light on the project's alleged fraudulent activities, which have had far-reaching consequences for investors and the cryptocurrency market as a whole.

Spajic's involvement in the Terra investment scandal has sparked concerns about potential conflicts of interest and the need for greater transparency in government officials' financial dealings. The Prime Minister's initial denial of personal involvement in the investment has also raised questions about his credibility and trustworthiness.

The fallout from the Terra investment scandal continues to unfold, with the SEC's investigation likely to have significant implications for the cryptocurrency industry. As the situation develops, it remains to be seen how Spajic's involvement will impact his political career and the broader implications for Montenegro's government.