Former Saitama CEO Manpreet Kohli Faces US Extradition Over $20 Million Fraud Charges

A British judge has denied former Saitama CEO Manpreet Kohli's request to avoid extradition to the United States, where he faces charges related to an alleged crypto market-manipulation scheme. Judge Samuel Goozee rejected Kohli's challenge on August 19, forwarding the case to the U.K. government for a decision on the extradition request. Kohli remains free on £200,000 bail and can appeal the ruling. U.S. prosecutors have charged him with wire fraud, market manipulation, conspiracy offenses, and operating an unlicensed money-transmitting business, linked to Saitama, an Ethereum-based token that once had a market cap of 7.5 billion dollars. Kohli argued that U.S. authorities could not adequately address his mental health and suicide risk in custody, but Judge Goozee found that safeguards could mitigate this risk. This decision follows a separate ruling in Boston, where a federal judge dismissed Kohli's attempt to have the indictment thrown out, asserting that the Saitama token could not be classified as a security under U.S. law. Kohli's case is part of a broader investigation,

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