Cryptocurrency chief facing extradition from UK to US on fraud charges

LONDON, Aug 26 : The British-based chief executive of a cryptocurrency company who is wanted in the United States on charges of wire fraud and market manipulation faces being sent to the U.S. to stand trial after he lost his fight against extradition last week.Manpreet Kohli, a 45-year-old Indian national, was the leader of Saitama, a company that promoted a token on the ethereum blockchain, which at one point had a market value of $7.5 billion.He was arrested in London in 2024 after U.S. prosecutors accused him and more than a dozen others of engaging in widespread fraud, following an investigation in which the FBI for the first time set up a digital token to ferret out crime.Prosecutors alleged Kohli and his co-conspirators claimed to be holding and purchasing Saitama tokens, while priva