SEC Charges Bit Mining

WASHINGTON (Reuters) – The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act due to a bribery scheme aimed at influencing members of the Japanese Parliament.

The SEC announced that Bit Mining has agreed to pay a civil penalty of $4 million to settle charges. The violations occurred between 2017 and 2019, involving a widespread bribery scheme to sway multiple foreign officials, including Japanese parliament members, in attempts to establish an integrated resort casino in Japan.