Crypto
Saitama CEO Extradition Ruling: UK Court Rejects Manpreet Kohli's Appeal
Saitama CEO Manpreet Kohli has lost his UK court challenge against extradition to the US, where he faces charges of wire fraud and cryptocurrency market manipulation.
The case centers around a token valued at $7.5 billion that Kohli allegedly secretly sold while publicly claiming to hold it, netting himself around $20 million in the process.
The US prosecutors claim this was part of a broader scheme to manipulate the crypto market, including operations targeting fake trading volumes.