A recent court document has brought to light new information about Terraform Labs, a failed cryptocurrency project, revealing that Montenegro's Prime Minister, Milojko Spajic, was an early investor in the company. Spajic, who assumed office in October last year, invested $75,000 in Terraform Labs in April 2018, acquiring 750,000 Luna coins. This investment was made just days before the company was established, and Spajic was one of the first 16 investors in the project.

The court document, submitted by the U.S. Securities and Exchange Commission (SEC), contradicts Spajic's previous claims that he had never personally invested in the failed cryptocurrency project. Instead, he had stated that the Singapore company Das Capital SG, where he was employed from 2017 to 2020, had invested in Terraform Labs on his behalf. However, the SEC's document reveals that Spajic was directly involved in the investment, signing a contract with Terraform on April 17, 2018.

The revelation has raised questions about Spajic's transparency and accountability, particularly given his initial denial of personal involvement in the investment. 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.

The failed cryptocurrency project, Terraform Labs, has been at the center of controversy in recent months, with its founder, Do Kwon, arrested in Montenegro in March. Reports suggest that Kwon may have met with Spajic before his arrest, and the two may have reached a transaction agreement. 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.

The controversy surrounding Terraform Labs and Spajic's involvement serves as a reminder of the need for greater transparency and accountability in the cryptocurrency industry. As the situation continues to unfold, it is likely that there will be increased scrutiny of government officials' financial dealings and investments in the cryptocurrency market.