Montenegrin Justice Minister discussed Do Kwon’s case with SEC

The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea.

The Government of Montenegro reported that Justice Minister Andrej Milović had discussed the investigation into Terraform Labs co-founder Do Kwon with officials from the United States Securities and Exchange Commission (SEC).

In a May 22 notice, Montenegro’s government said Milović had met with SEC personnel, including Enforcement Director Gurbir Grewal. According to the government, the Justice Minister discussed the SEC’s case against Kwon, in which he and Terraform were found liable for fraud in April.

At the time of publication, Kwon was in Montenegro as the country’s courts considered requests for extradition from the U.S. and South Korea. He was arrested in March 2023 for using falsified travel documents and sentenced to four months in prison.

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