BIT Mining, formerly known as 500.com, has admitted to bribing Japanese politicians to obtain a resort and casino license in Japan. The company has agreed to pay a $10 million fine in a settlement with the U.S. government. The bribes included approximately $2.5 million in cash, entertainment, and luxury trips between 2017 and 2019. The DOJ accused former CEO Zhengming Pan of hiding the payments with fake contracts. The incident could erode investor confidence. What do you think the impact of such scandals would be on the industry? Share your thoughts in the comments.