Alleged Meetings: The Montenegrin Connection in Terra/Luna Saga

In a developing story that ties together politics, luxury real estate, and cryptocurrency, Montenegrin media have reported intriguing details involving Do Kwon, the co-founder of the collapsed Terra/Luna algorithmic stablecoin, and his associate Han Chang-joon. Before their arrests in Montenegro, the duo reportedly purchased luxury apartments in Belgrade, Serbia, and allegedly engaged in secretive dealings with high-level officials.

Do Kwon and Han Chang-joon are notorious for their roles in the Terra/Luna debacle, which dramatically failed two years ago. According to April reports from DLNews, their activities extended beyond mere property acquisition. The pair reportedly spent over $2 million on a condominium and parking spaces in Belgrade’s prime locations, hinting at a lifestyle of affluence amidst legal avoidance.

However, the plot thickens with claims from Dritan Abazović, a former prime minister and current MP, suggesting that the pair’s actions were more complex and potentially more sinister. Abazović alleges that Do Kwon met with Milojko Spajić, the Montenegrin prime minister, at a specific address in Belgrade. During this meeting, a significant financial transaction was purportedly discussed involving Das Capital, a Bulgarian-based, Singapore-headquartered hedge fund.

The alleged deal involved Spajić facilitating the purchase of millions of dollars worth of Terra/Luna tokens at a fraction of their value—ten cents per token—to be later sold at a staggering $118 each. Despite these bold claims, no concrete evidence has surfaced to substantiate the transaction or confirm the involvement of Das Capital, which Spajić had connections with through previous employment.

The implications of these allegations are vast, not only for the individuals involved but also for the broader financial and political landscapes. If true, these actions could indicate a disturbing blend of high-stakes finance and political maneuvering. As the details remain murky, the global crypto community and Serbian and Montenegrin authorities will be keenly watching how this story unfolds, potentially impacting trust in both governmental and financial institutions.