BIT Mining pays $4 million fine to SEC to settle allegations of bribing Japanese officials

Odaily News 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 of bribing 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. (Bloomberg)