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eventVerified

US court filing lists Spajić as a personal Terraform Labs investor at $75,000

On 19 April 2024 the Declaration of Avron Elbaum in SEC v. Terraform Labs Pte Ltd. and Do Hyeong Kwon, S.D.N.Y. 1:23-cv-01346, listed “Milojko Spajic” as a purchaser of Luna tokens for $75,000 on 17 April 2018. In the causal graph this event strengthens Spajić EU-path polarisation, a driver that weakens Having a say in government — a worsening welfare path.

Sources: [1][2]

Read the full account

On 19 April 2024 the Declaration of Avron Elbaum in SEC v. Terraform Labs Pte Ltd. and Do Hyeong Kwon, S.D.N.Y. 1:23-cv-01346, listed “Milojko Spajic” as a purchaser of Luna tokens for $75,000 on 17 April 2018.

Context

He had previously treated the investment as a Das Capital SG matter. Do Kwon’s March 2023 arrest in Podgorica and the 27 December 2024 extradition to the United States are neighbouring. Dritan Abazović’s campaign accusations are neighbouring. This run does not mint Kwon or Abazović.

Contract 17 April 2018; Elbaum 19 April 2024; Vijesti 18 June 2024. Store the court filing. Keep US court filing lists Spajić as a personal Terraform Labs investor at $75,000 on 2024-04-19 separate from neighbouring 19 February 2023 DIK rejection, 11 June 2023 parliamentary election, 31 October 2023 cabinet vote, 19 April 2024 Elbaum declaration, 26 June 2024 IBAR, and 27 December 2024 Do Kwon extradition.

The Prime Minister of Montenegro proposes the cabinet, chairs the Council of Ministers, and is the Europe Now leader who can bind the party to a coalition arithmetic. He does not sit as the State Electoral Commission, as the Skupština speaker, as Judge Jed S. Rakoff, or as the European Commission. A 31 October 2023 vote is not authorship of every later IBAR chapter. A 2018 token purchase is not a completed Montenegrin criminal conviction unless a court so holds on its own row.

Why it matters

The path is spajic-eu-path-polarisation: a personal crypto contract on the public record of a sitting EU-path prime minister, not a Soviet repression row.

Who was responsible

Contribution type and responsibility level for each recorded actor — not sole-author shorthand.

  • Milojko Spajić

    Person

    Direct responsibility

    verified

    The court table names him personally. He was already prime minister when the declaration was filed. Elbaum wrote the table. A New York judge did not sit in Podgorica.

What changed

Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.

    1. FactUS court filing lists Spajić as a personal Terraform Labs investor at $75,000
    2. strengthensDriverSpajić EU-path polarisation
    3. weakensIndicatorHaving a say in government
    Worsening path

    impact weight 1 · Effect from 19 April 2024 · verified

    A completed personal Terraform line on a sitting EU-path prime minister is a dated strengthening of crypto-opacity polarisation.

    • Having a say in government

      via Spajić EU-path polarisation

      Worse

      Weakens · Relationship strength 0.55 (weight 1 × strength 0.55)

      Observed

      29.8% of population aged 16-65 years · 8.13 below the normal line (2023)

      Worse than normal

      Two readings: 30.2% of population aged 16-65 years (2021) and 29.8% of population aged 16-65 years (2023).

      20212023

      Above normal = better

Evidence

The sources behind this fact and its verification state.

Verified2 sources on file
  1. 1.Vijesti — Spajić among the first Terraform investors, 18 June 2024Vijesti · High credibility · verified
  2. 2.S.D.N.Y. 1:23-cv-01346 — Declaration of Avron Elbaum, 19 April 2024, listing Milojko Spajic at $75,000U.S. District Court, Southern District of New York · High credibility · verified
What the sources establish

Vijesti published the table in Montenegro on 18 June 2024.

U.S. District Court, Southern District of New York carries the official instrument or communique. Vijesti records the same dated act independently.

Established: The Elbaum declaration filed 19 April 2024 lists Milojko Spajic as a $75,000 Luna-token purchaser on 17 April 2018.

Not established: A unique $90 million peak-value realized loss, or that the table is a completed Montenegrin criminal conviction.

He was already prime minister when the declaration was filed. Elbaum wrote the table. A New York judge did not sit in Podgorica.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies US court filing lists Spajić as a personal Terraform Labs investor at $75,000, not a later speech about US court filing lists Spajić as a personal Terraform Labs investor at $75,000.

Co-authors and later implementers named in Context remain on the file. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. The contribution described on this Person row is limited to The court table names him personally. Elbaum wrote the table. That limit is the alternative to treating office-holding as authorship of every later series.

Causal path

How this event connects to drivers and indicators in the graph.

  1. ActorMilojko Spajić
  2. contributed toFactUS court filing lists Spajić as a personal Terraform Labs investor at $75,000
  3. strengthensDriverSpajić EU-path polarisation
  4. weakensIndicatorHaving a say in government

Cite this page

Factrail. (2026). US court filing lists Spajić as a personal Terraform Labs investor at $75,000. Factrail. https://factrail.ai/facts/me-spajic-terraform-elbaum-20240419

https://factrail.ai/facts/me-spajic-terraform-elbaum-20240419

Accessed 16 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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