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

  • Australia’s largest bank  to reject “certain”  crypto transactions

    TL;DR Breakdown Australia’s largest bank, Commonwealth Bank (CBA), has announced that it will refuse or temporarily delay certain payments to cryptocurrency exchanges due to concerns over the risk of scams. CBA mentioned that it had introduced these measures to safeguard customers from scam-related risks associated with making payments to cryptocurrency exchanges.  The general manager of CBA’s fraud management services emphasized that scammers worldwide were taking advantage of the growing interest in cryptocurrencies. Australia’s largest bank, Commonwealth Bank (CBA), has announced that it will refuse or temporarily delay certain payments to cryptocurrency exchanges due to concerns over the risk of scams. This decision follows recent legal challenges faced by two major global exchanges at the hands of the United States securities regulator. Additionally, it comes shortly after another prominent Australian bank, Westpac, prohibited its customers from transacting with the crypto exchange Binance. CBA disclosed on June 8 that it would decline or impose a 24-hour hold on “certain payments to cryptocurrency exchanges.” However, the bank did not specify which exchanges or payment types would be affected by these new measures. Reporting…

    Article 2023年6月13日
  • WEX exchange co-founder Alexei Bilyuchenko sentenced in Moscow amid global legal entanglements

    TL;DR Breakdown Alexei Bilyuchenko, former technology administrator of BTC-e and co-founder of WEX, has been sentenced to 3.5 years in prison by a Moscow court for misappropriating exchange funds and fined 3.1 billion rubles ($33 million). The sentencing follows charges by the U.S. Department of Justice against Bilyuchenko for involvement in the 2011 Mt.Gox hacking incident and additional conspiracy charges, adding international complexity to the case. Description Alexei Bilyuchenko, the former technology administrator of BTC-e exchange and co-founder of WEX, has been sentenced by the Meshchansky District Court of Moscow. He will serve 3 years and 6 months in prison for misappropriating the exchange’s funds. Additionally, Bilyuchenko has been slapped with a fine of 3.1 billion rubles, equivalent to around $33 million, … Read more Alexei Bilyuchenko, the former technology administrator of BTC-e exchange and co-founder of WEX, has been sentenced by the Meshchansky District Court of Moscow. He will serve 3 years and 6 months in prison for misappropriating the exchange’s funds. Additionally, Bilyuchenko has been slapped with a fine of 3.1 billion rubles, equivalent to around $33 million,…

    Article 2023年9月25日
  • Law Enforcement and Binance Join Forces to Thwart North Korean Organized Crime 

    TL;DR Breakdown U.S. law enforcement, in collaboration with the Binance Investigations team, successfully seized $4.4 million and froze accounts associated with North Korean organized crime. The operation, conducted in compliance with lawfully served warrants, highlights the commitment of authorities to safeguarding financial systems. In a significant victory against North Korean organized crime, the United States law enforcement, in conjunction with the Binance Investigations team, successfully seized $4.4 million and froze several accounts linked to illicit activities. This noteworthy accomplishment highlights the unwavering commitment of both law enforcement agencies and the cryptocurrency exchange in combating crime on a global scale. The operation, conducted in compliance with lawfully served warrants and through robust collaboration with authorities, underscores the effectiveness of proactive measures taken over a year ago. Contents hide 1 Joint Efforts Yield Fruitful Outcomes and Disrupt Criminal Networks 2 Upholding the Law, Promoting Global Security, and Safeguarding Financial Systems 3 Collaboration between government agencies and private sector entities 4 Conclusion Joint Efforts Yield Fruitful Outcomes and Disrupt Criminal Networks The collaborative efforts between U.S. law enforcement and the Binance Investigations team…

    Article 2023年5月26日
  • Solana’s gaming ecosystem faces major developments: Aurory expands to Ethereum, Automata announces layoffs

    TL;DR Breakdown Solana-based gaming franchise Aurory is expanding to the Ethereum scaling network, Arbitrum, aiming to tap into new audiences and crypto communities. Automata, the developer of Solana game Star Atlas, announced significant layoffs due to financial challenges, including a major tax liability and the loss of funds from the FTX collapse. Despite these challenges, both companies are adapting their strategies, with Aurory considering further expansions and Automata focusing on specific product developments. Description Aurory, a gaming franchise operating on the Solana blockchain, has announced its expansion to Ethereum‘s Layer-2 network, Arbitrum. The move is seen as an expansion rather than a migration, with the aim of broadening the project’s reach beyond the Solana ecosystem. Aurory’s SyncSpace technology will enable users to move their assets between Solana and Arbitrum, … Read more Aurory, a gaming franchise operating on the Solana blockchain, has announced its expansion to Ethereum‘s Layer-2 network, Arbitrum. The move is seen as an expansion rather than a migration, with the aim of broadening the project’s reach beyond the Solana ecosystem. Aurory’s SyncSpace technology will enable users to…

    Article 2023年7月26日
  • Bitget surges in Latam amid Binance and Coinbase legal turmoil

    TL;DR Breakdown Latin American Bitget users climbed 43% and deposits 134% from June 6 to June 9. Legal action against Binance, a crypto exchange, was initiated by the United States on June 5. The number of Brazilian customers joining the exchange increased by 54%, while the total amount of money they deposited increased by 208%. As a result of the legal issues between Binance and Coinbase, crypto investors in Latin America (Latam) are increasingly using Bitget as an alternate platform. Bitget is gaining popularity as a trustworthy and safe crypto trading platform in Latam. Important transactions in the past have also been challenged in court. Bitget saw a 43% increase in users from Latin America last week, while deposits increased by 134%. Bitget gains Latin American users amid Binance and Coinbase lawsuits Bitget, a crypto exchange, has seen a meteoric rise in its customer base across Latin America. The increase in new signups follows a lawsuit filed by US officials against Binance and Coinbase. According to Bitget, between June 6 and June 9, new users in the region surged by…

    Article 2023年6月14日
TOP