Jump is accused of unlawfully profiting from and contributing to the collapse of Terra, in a lawsuit seeking $4 billion in damages.

In South Korea, Do Kwon could potentially serve more than 30 years for his crimes, according to a local media report.

The judge said the victim letters, which detailed the personal impact of the Terra collapse, were “impactful”—before sentencing Do Kwon to 15 ...

The upcoming sentencing comes after the South Korean entrepreneur pleaded guilty to defrauding investors in August.

Federal prosecutors reserved the right to pursue up to 12 years for Terra founder Do Kwon in an August plea deal. Now, ...