Defendant Name: BIT Mining Ltd.

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

Document Reference: 34-101649

Document Details

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

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $4,000,000.00 Shared:    

Related Documents:

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."