- Manpreet Kohli has lost his appeal against extradition from the UK.
- He will face U.S. fraud and market manipulation charges
- .The case is linked to the Saitama token, according to Reuters.
Crypto executive Manpreet Kohli has lost his legal challenge against extradition from the United Kingdom, clearing the way for him to be transferred to the United States.
According to Reuters, Kohli is expected to face fraud and market manipulation charges brought by U.S. authorities. The case is tied to the Saitama token, a cryptocurrency project that has been the subject of regulatory scrutiny.
The ruling marks a significant development in the cross-border enforcement of cryptocurrency-related cases.
Fraud and Market Manipulation Allegations
U.S. prosecutors allege that Kohli was involved in fraud and market manipulation connected to the Saitama token.
The charges will now be addressed through the U.S. legal system following the UK court’s decision. Kohli has contested the extradition, but the latest ruling removes a key legal obstacle to his transfer.
The outcome highlights increasing international cooperation between authorities investigating alleged misconduct in the digital asset sector.
