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Terraform Labs Co-founder's Relationship with Montenegrin Politician Revealed in Illegal Political Donation Scandal

According to Korean news agency Yonhap, Do Kwon, the disgraced co-founder of Terraform Labs, has a relationship with an influential politician in Montenegro. The Prime Minister of Montenegro revealed this information just days before the country's parliamentary elections, after receiving a handwritten note from Kwon detailing illegal political donations made to Milojko Spajic since 2018.

Foreigners are not allowed to make political donations or fund election campaigns in Montenegro, and all contributions must be reported to the Anti-Corruption Bureau. The Prime Minister has called for an investigation into the matter, stating that Montenegro must not become a "hotbed of global scammers."

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