BIT Mining agrees to pay a $10 million fine due to allegations of bribing Japanese officials, with $4 million paid to the SEC

According to ChainCatcher news, the U.S. SEC stated on Monday that the cryptocurrency mining company BIT Mining Ltd. (formerly 500.com Limited) has agreed to pay a $4 million fine to settle 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 lawmakers between 2017 and 2019 in an attempt to win bids for opening casino resorts in Japan.

The U.S. Department of Justice stated in another action that it has reached an agreement with BIT Mining, which agrees to pay a criminal fine of $10 million, of which $4 million will be paid by the company to the U.S. SEC.