Defendant Name: BIT Mining Ltd.

Defendant Type: Public Company
SIC Code: 6719
CUSIP: 05547420

Initial Case Details

Legal Case Name In the Matter of BIT Mining Ltd.
First Document Date 18-Nov-2024
Initial Filing Format Administrative Action
File Number 3-22324
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 30A

Resolutions

First Resolution Date 18-Nov-2024
Headline Total Penalty and Disgorgement $4,000,000

Related Documents:

34-101649 18-Nov-2024 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On November 18, 2024, the SEC instituted settled cease-and-desist proceedings against BIT Mining Ltd., stating: "This matter arises from violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act (“FCPA”) by 500.com, which at the time of the misconduct was an online sports lottery service provider headquartered in Shenzhen, China."
2024-180 18-Nov-2024 Press Release--Administrative Proceeding
SEC Charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliament
On November 18, 2024, the SEC "announced that BIT Mining Ltd., formerly known as 500.com Limited, agreed to pay a $4 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) from2017 to 2019 by engaging in a widespread bribery scheme to influence numerous foreign officials, including members of Japan’s parliament, in efforts to establish an integrated resort casino in Japan."