The Prime Minister of Montenegro, Milojko Spajić, is facing serious accusations from the country’s president, Jakov Milatović. Milatović claims that Spajić lied about his knowledge of Do Kwon, the controversial founder of Terraform Labs, during a crucial moment surrounding Kwon’s arrest in Montenegro.
A Web of Lies and Meetings
According to Milatović, Spajić denied knowing Kwon on the day of his arrest, despite allegedly having previously met with him and even striking a deal involving 750,000 Terra Luna tokens. Milatović says Spajić made this denial in front of several party members, including current ministers, raising questions about the Prime Minister’s honesty and transparency, especially given his involvement in the crypto sector.
Adding to the controversy, Milatović revealed that Spajić had introduced him to George Cottrell, a British national facing serious charges in the United States, including money laundering and fraud. Milatović described Cottrell as a potential advisor for election campaigns, but expressed disappointment with the meeting, believing it promoted “anti-European sentiments.”
A Turning Point in the Legal Saga
In light of these revelations, Milatović has taken a strong stance against Montenegro becoming a haven for criminals, urging local authorities to act decisively in cases like those of Do Kwon and Binali Čamgoz, a Turkish citizen facing legal troubles. He emphasized the need for transparency and accountability, stating that Montenegro must not project a negative image internationally.
This drama unfolds against the backdrop of the Montenegrin Court of Appeal’s recent decision to extradite Do Kwon to South Korea, rejecting a competing extradition request from the United States. The judge overseeing the case ruled in favor of South Korea’s request because it was submitted first, according to Montenegro’s existing extradition treaty with South Korea.
Do Kwon has been under intense legal scrutiny since the collapse of his blockchain protocol, which resulted in significant financial losses for investors. The court’s decision, announced on August 1, marks a significant step in a long legal battle that began with Kwon’s arrest at Podgorica airport in March 2023.
The Impact on Luna Classic
As this saga unfolds, the native token of Terraform Labs, Luna Classic (LUNC), has shown signs of recovery, trading at $0.000078. While the token is down 11% over the past two weeks, it has seen gains of 11% and 29% over the past month and year-to-date, respectively.
