BIT Mining agrees to pay $10 million fine for bribing Japanese officials, including $4 million to the SEC

The U.S. SEC said on Monday that crypto mining company BIT Mining Ltd. (formerly 500.com Limited) agreed to pay a $4 million fine to resolve the agency's allegations that it bribed Japanese officials. The SEC pointed out that BIT Mining paid $2.5 million in cash bribes and gifts to Japanese parliamentarians and others between 2017 and 2019 in an attempt to win a bid to open a casino resort in Japan. In another action, the U.S. Department of Justice said it had reached an agreement with BIT Mining, which agreed to pay a $10 million criminal fine, of which $4 million would be paid by the company to the U.S. SEC. (Bloomberg)