A strip club scandal at a major crypto industry event triggers sponsor backlash
A controversial after-party at a Miami strip club following a major crypto conference has sparked backlash among sponsors. Crypto firms like OKX and Consensys are reevaluating their involvement due to concerns over the event's impact on the industry's reputation. Critics argue that such events hinder efforts to present a more professional image to mainstream finance.
- ▪The after-party took place at E11EVEN, a Miami nightclub known for its adult entertainment.
- ▪OKX announced it would reconsider its sponsorship of the conference after the event's controversial atmosphere.
- ▪Critics believe the event reinforces negative stereotypes about the crypto industry and its culture.
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Crypto firms are rushing to distance themselves from a controversial party that capped a major industry event in Miami. The shindig, which took place on May 6 and coincided with the end of the Consensus conference, took place at a well-heeled night club called E11EVEN and featured female dancers performing pole routines and lap dances. Following reports of the raunchy atmosphere, crypto exchange OKX told the Financial Times it would be reconsidering its sponsorship of the conference. Recommended Video “These kinds of immature and frankly borderline discriminatory events risk alienating exactly the communities the industry needs in order to continue growing,” OKX’s global head of corporate affairs Elliott Suthers told the FT.
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