PANews reported on May 23 that, according to The Block, Montenegro's Ministry of Justice stated on Wednesday that authorities recently met with representatives from the U.S. Securities and Exchange Commission (SEC) to discuss the investigation into Terraform co-founder Do Kwon and broader issues of cryptocurrency investor protection. In a statement, the ministry said that the U.S. SEC had submitted the findings of its investigation into Do Kwon to Montenegro's Minister of Justice, Andrej Milović, as well as the court proceedings against Do Kwon in the United States.

Although the press release did not disclose specific details about the discussions regarding Do Kwon, the talks may signify progress in the extradition case of Do Kwon, which had previously been at a standstill.