Saitama Ex-CEO Faces US Extradition for $20M Crypto Manipulation Charges
Manpreet Kohli, former CEO of Saitama, is facing extradition from the UK to the US over allegations of crypto market manipulation involving $20 million. A British court rejected his appeal, passing the decision on to UK ministers.
The US Department of Justice accuses Kohli of wire fraud, market manipulation, and illicit money transmission related to artificially inflating Saitama token trading volumes.
Kohli remains on bail as his legal team considers further appeals. The case is linked to a broader FBI investigation into crypto price manipulation.