Terra co-founder’s handwritten letter sparks political firestorm in Montenegro

TL;DR Breakdown

  • A handwritten letter by Terra co-founder Do Kwon surfaces, sparking a political firestorm in Montenegro.
  • Allegations suggest undisclosed ties between Kwon and former Finance Minister Spajić, raising concerns about potential consequences for Montenegro.
  • Prime Minister Abazović refutes Spajić’s denial, expressing doubts about the former minister’s integrity.

In a shocking turn of events, a handwritten letter penned by Do Kwon, co-founder of the blockchain platform Terra, has emerged, stirring a political firestorm in Montenegro. The message, addressed to outgoing Prime Minister Dritan Abazović and outgoing Justice Minister Marko Kovac, alleges a previously undisclosed connection between Kwon and former Finance Minister Milojko Spajić, who also serves as the president of Europe Now political party.

Prime Minister Abazović claims to have read Kwon’s letter and swiftly forwarded it to the Special State Prosecution Office. The letter proposes that Kwon had financed the Europe Now political party, leading to calls from political parties, NGOs, and the public to investigate these purported links between the Terra co-founder and Spajić.

The gravity of the situation became apparent as Prime Minister Abazović expressed concern over the potential consequences for Montenegro. Speaking on behalf of the government, he stated, “It’s not in Montenegro’s best interest if Spajić had indeed maintained contacts with Do Kwon, especially considering that Kwon is wanted by both US and South Korean authorities. We cannot allow our country to become a sanctuary for global fraudsters, regardless of the technological domain they exploit, be it blockchain or otherwise.”

In response to the allegations, Spajić vehemently denied any connection with Kwon and revealed that he had promptly informed Minister of Interior Filip Adzic about the Terra co-founder’s presence in the country. However, Prime Minister Abazović swiftly refuted Spajić’s claims, casting doubts on the former Finance Minister’s integrity.

Adding intrigue to the situation, Spajić admitted to knowing Kwon as a friend since 2018 because his company had invested in the Terra project. The revelation surprised many, including Montenegro’s citizens, who had seen Spajić as a proponent of the crypto industry during his tenure as Finance Minister.

Notably, Ethereum co-founder Vitalik Buterin’s recent acquisition of Montenegrin citizenship further underscored the nation’s growing involvement in crypto. Buterin and Spajić played a significant role in promoting the Ethereum Development Conference held in Montenegro this May.

As the allegations continue reverberating across Montenegro, citizens are left grappling with the complexities of these unexpected connections and the potential ramifications for their nation’s reputation. The demand for a thorough investigation by the Special State Prosecution Office reflects a widespread sentiment of urgency and the need for transparency.

Montenegro’s political landscape finds itself at a crossroads, where the intertwining realms of finance, technology, and politics have created a web of intrigue. The investigation into the alleged ties between Do Kwon and Milojko Spajić will undoubtedly shed light on the nature of their relationship, potentially altering the course of Montenegro’s future in unexpected ways.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Terra co-founder’s handwritten letter sparks political firestorm in Montenegro

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月12日 17:19
Next 2023年6月12日 20:06

Related articles

  • Indian EOW exposes $120 million crypto Ponzi scheme, arrests made

    TL;DR Breakdown Indian EOW has taken decisive action against a cryptocurrency-centered Ponzi fraud exceeding Rs 1000 crore($120 million) in value. STA presented itself as an all-inclusive service for Solar Technologies. Description The Economic Offences Wing (EOW) of the Odisha police in India took decisive action against a cryptocurrency-centered Ponzi scheme exceeding Rs 1000 crore($120 million) in value. As per a regional news source report, Gurtej Singh Sidhu and Nirod Das have been arrested for their participation in this deceitful venture. The disclosed information indicates that STA … Read more The Economic Offences Wing (EOW) of the Odisha police in India took decisive action against a cryptocurrency-centered Ponzi scheme exceeding Rs 1000 crore($120 million) in value. As per a regional news source report, Gurtej Singh Sidhu and Nirod Das have been arrested for their participation in this deceitful venture. The disclosed information indicates that STA token functioned as a Ponzi scheme, using earnings from new investors to support the returns of earlier investors. Indian EOW discovers crypto ponzi scheme In an official statement, the EOW had initiated a case after receiving…

    Article 2023年8月8日
  • Political backlash looms over UBS-Credit Suisse deal as UBS seeks to avoid taxpayer funding

    TL;DR Breakdown UBS aims to announce that its rescue of Credit Suisse will not rely on funding from Swiss taxpayers, as it faces political backlash ahead of national elections. UBS executives are confident in keeping losses below SFr5 billion and intend to avoid using the SFr9 billion backstop provided by the Swiss government. The decision not to tap into taxpayers’ money will be driven by the business case and UBS’s commitment to limiting dependence on state support, while also avoiding potential limitations on returning excess capital to shareholders. Description UBS Group AG, Switzerland’s largest bank, is set to make a decisive statement next month, clarifying that its rescue of Credit Suisse will not involve funding from Swiss taxpayers, according to a report by the Financial Times on Sunday. However, the bank intends to alleviate the mounting political pressure surrounding the deal, particularly with national … Read more UBS Group AG, Switzerland’s largest bank, is set to make a decisive statement next month, clarifying that its rescue of Credit Suisse will not involve funding from Swiss taxpayers, according to a report…

    Article 2023年7月5日
  • Swaprum rug pull: $3 million lost as investors reel from shocking DeFi scam

    TL;DR Breakdown Swaprum has suffered a rug pull, resulting in an approximately $3 million loss. The scammers behind the rug pull swiftly deleted all social media accounts and groups associated with the project. The scammers successfully bridged funds from Arbitrum to the Ethereum mainnet and laundered them through Tornado Cash. In a shocking turn of events, the decentralized exchange (DEX) platform Swaprum has become the latest victim of a ruthless rug pull, resulting in a staggering loss of approximately $3 million worth of funds. The project’s native token, SAPR, has plummeted by an alarming 100%, leaving investors in despair. The scam unfolding on the Arbitrum network has left Swaprum’s community in disarray. Adding to the turmoil, the perpetrators swiftly deleted all social media accounts and groups associated with the project, leaving investors with limited avenues for recourse or information. #PeckShieldAler #rugpull @Swaprum on #Arbitrum rugged ~$3M, $SAPR has dropped -100%. @Swaprum already deleted its social accounts/groups. The scammers have bridged ~1,628 $ETH to #Ethereum and laundered 1,620 $ETH to Tornado Cashhttps://t.co/tUNgbwGQCd pic.twitter.com/UH8V9RyFHy — PeckShieldAlert (@PeckShieldAlert) May 19, 2023 According to…

    Article 2023年5月20日
  • Judge rules in favor of Ripple, XRP is not a security!

    TL;DR Breakdown The U.S. District Court ruled in favor of Ripple Labs against a SEC lawsuit, declaring the company’s XRP token is not a security. This ends the SEC’s pursuit to classify XRP as a security which required additional regulation. The ruling resulted in a significant surge in XRP’s price, rising by 16% immediately after the news broke. Description In a landmark ruling, Ripple Labs breathed a sigh of relief when the United States District Court in the Southern District of New York favored the company against a lawsuit filed by the Securities and Exchange Commission (SEC). Judge Analisa Torres, on July 13, declared the XRP token, Ripple’s digital currency, not a security, marking … Read more In a landmark ruling, Ripple Labs breathed a sigh of relief when the United States District Court in the Southern District of New York favored the company against a lawsuit filed by the Securities and Exchange Commission (SEC). Judge Analisa Torres, on July 13, declared the XRP token, Ripple’s digital currency, not a security, marking a significant turning point in a case that…

    Article 2023年7月14日
  • Tether pumps $1 billion in USDT into TRON’s veins

    TL;DR Breakdown Tether authorizes a significant $1 billion in USDT for the TRON network to boost liquidity. This move is an authorization, not an actual issuance, aimed to serve as inventory for future requests from TRON. The “authorized but not issued” mechanism is Tether’s strategy to maintain 100% reserves and limit security risks. Description When you think of the digital currency giants, Tether unmistakably dominates the conversation, especially with its recent decision to pump up the TRON network with a massive dose of USDT. In the highly volatile world of cryptocurrency, this kind of move isn’t just a nod to TRON’s relevance but also a strategic maneuver that underlines … Read more When you think of the digital currency giants, Tether unmistakably dominates the conversation, especially with its recent decision to pump up the TRON network with a massive dose of USDT. In the highly volatile world of cryptocurrency, this kind of move isn’t just a nod to TRON’s relevance but also a strategic maneuver that underlines Tether’s supreme confidence in its own operations. Behind the Billion-Dollar Power Move The…

    Article 2023年9月20日
TOP