Former Saitama CEO Faces Extradition to US Over Crypto Market Manipulation Allegations

TL;DR:

• A British court dismissed the appeal from former Saitama CEO Manpreet Kohli and referred the formal extradition request to UK ministers.
• The US Department of Justice accuses Kohli of wire fraud, market manipulation, and the illicit acquisition of approximately $20 million.
• The defendant remains released on a £200,000 bail while his legal team evaluates filing a formal appeal with higher courts.

Former Saitama CEO, Manpreet Kohli, is one step away from facing a criminal trial in the United States following the ruling issued by a British magistrate in August 2026. The judicial resolution rejects the defense’s appeals and transfers the final decision regarding his surrender to the UK Executive.

Information reported by Reuters indicates that District Judge Samuel Goozee determined that medical safeguards in US correctional facilities are adequate to mitigate the health risks argued by the defense. The proceedings respond to an international arrest warrant issued by federal prosecutors based in Boston, Massachusetts.

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