A crypto mining firm has been ordered to pay $14 million in penalties following its acknowledgment of a scheme that involved a $2.5 million bribe. This bribe was intended to secure a casino contract in Japan but ultimately failed. The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) have been instrumental in enforcing these penalties.

This marks a significant crackdown by U.S. authorities on corruption within the cryptocurrency sector. The implications of this action are expected to resonate globally, sending a strong message about legal compliance.

This incident highlights the risks and repercussions associated with attempts to bypass legal obligations in international business dealings, particularly in the crypto industry.