Bitrabo Editorial
In a recent discussion, Montenegro’s President Jakov Milatović accused Prime Minister Milojko Spajić of being untruthful regarding his acquaintance with Do Kwon, the debated co-founder of Terraform Labs, amid critical events leading up to Kwon’s arrest in Podgorica.
Milatović stated that Spajić professed not to know Kwon during his arrest, in spite of previous dealings involving 750,000 Terra Luna tokens and several meetings with Kwon.
Milatović Reveals PM’s Disavowal of Kwon Association
Recalling a party gathering from March of last year, Milatović mentioned that he directly questioned Spajić about his knowledge of Kwon. He emphasized that Spajić’s denial happened in front of numerous party members, including current officials, raising doubts about Spajić’s honesty, particularly concerning his involvement in the cryptocurrency industry.
Furthermore, Milatović highlighted that Spajić had introduced him to George Cottrell, a British individual facing severe charges in the U.S., such as money laundering and fraud. Milatović considered Cottrell as a possible campaign advisor but was dissatisfied with their meeting, feeling it encouraged “anti-European sentiments.”
Significant Developments in Legal Matters
In view of these occurrences, Milatović has made a strong statement against Montenegro becoming a refuge for criminals, urging local officials to take assertive action in cases like those of Turkish nationals Binali Čamgoz and Do Kwon.
The president stressed the need for transparency and accountability, insisting that the nation should not cultivate a negative international reputation.
This situation unfolds against the backdrop of the Montenegrin Court of Appeal’s recent ruling to extradite Do Kwon to South Korea, ignoring a separate request from the United States.
The presiding judge determined that South Korea’s extradition request takes priority over that of the U.S. due to Montenegro’s prior extradition treaty with South Korea, which was submitted first.
Kwon has faced serious legal scrutiny since the downfall of his blockchain project, leading to significant investor losses. The court’s decision, made public on August 1, represents a pivotal juncture in a protracted legal struggle that started with Kwon’s arrest at Podgorica airport in March 2023.
As of now, the native token of Terraform Labs, Luna Classic (LUNC), is priced at $0.000078, showing a recovery of 2.3% in the past 24 hours and nearly 4% over the last week as the cryptocurrency market stabilizes.
Over longer periods, the token has declined by 11% in the past fourteen days, yet has risen by 11% and 29% over the last thirty days and year-to-date, respectively.
Image provided by DALL-E, data sourced from TradingView.com.