In accordance with Montenegrin media, not solely did Do Kwon and former Terra exec Han Chang-joon buy luxurious flats within the Serbian capital of Belgrade earlier than making their option to Montenegro, they might have met with the nation’s prime minister, Milojko Spajić, in some unspecified time in the future earlier than their arrests.

Do and Han are well-known for his or her involvement with failed algorithmic stablecoin protocol Terra/Luna, which collapsed two years in the past.

As DLNews reported in April, Do and Han bought actual property and parking spots in one of the best a part of Belgrade — with the condominium they have been staying in being value in extra of $2 million. Nonetheless, based on former prime minister and present MP Dritan Abazović, the duo might have been up to rather more than simply hobnobbing with the Serbian elite and avoiding regulation enforcement.

Abazović claims {that a} supply informed him Do and Spajić met at Topalovićeva 4 in Belgrade and that Spajić might have made a take care of Do to buy thousands and thousands of {dollars} value of Terra/Luna tokens for a Bulgarian-based, Singaporean-headquartered hedge fund known as Das Capital.

Topalovićeva 4 as seen on Google Avenue View, the place Do and Spajić supposedly met.

Learn extra: Do Kwon can’t depart Montenegro, however owes the US thousands and thousands

Abazović claims that Spajić was capable of buy the tokens for ten cents and later promote them for $118, although there was no proof to show the declare.

It’s value noting that Spajić has certainly beforehand labored for Das Capital, although when he final helped inform any transaction for it or if the hedge fund is even concerned in cryptocurrency isn’t clear.

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