In brief
- A UK judge rejected Manpreet Kohli’s extradition challenge and sent the case to British ministers.
- Prosecutors allege 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. He has not been convicted.
A British 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.
According to a report by Reuters, Judge Samuel Goozee rejected Kohli’s challenge on August 19 and sent the case to the U.K. government for a decision on the U.S. extradition request. Kohli can appeal the ruling, so his extradition is not yet…
