Crypto
Saitama CEO Faces Extradition Over Alleged $20 Million Token Scheme
A UK judge has rejected former Saitama CEO Manpreet Kohli's bid to avoid extradition to the United States, where he faces charges tied to an alleged crypto market-manipulation scheme.
The case involves allegations that Saitama executives used coordinated purchases and paid market makers to inflate the token's activity.
Kohli remains free on £200,000 bail and can appeal the ruling. He has not been convicted.
The charges concern Saitama, an Ethereum-based token that once reached a reported market capitalization of $7.5 billion.