THE NORTH American Bitcoin Conference, which lasted 10 hours, was followed by a networking party where 5,000 attendees were invited to a Miami strip club, it has been claimed.
During the event, waitresses in revealing tops and lingerie served drinks, as the party continued into the early hours despite the event technically ending at 11pm.
Many attendees kept their conference badges on and stayed to party, it has been reported.
Jeff Scott a cryptocurrency trader from New York said: “We’re a bunch of dudes with a lot of money in our 20s. We like naked girls.”
Mr Scott had a table for 12 with a hedge fund analyst and the heads of two startups.
He said the evening was not much different to a typical night in a strip club.
It is believed that the event, which was open to all conference attendees and sponsored by cryptocurrency Dash, made many women feel uncomfortable.
Zineb Belmkaddem, a crypto trader who decided not to attend the event, told Bloomberg it made her feel un-welcomed.
She said: “There was a message being sent to women, that, ‘OK, this isn’t really your place.’
“This is where the boys roll.”
Keynote, the firm who hosted the event told Bloomberg they regretted hosting the event at the venue.
Keynote CEO Moe Levin said: “Having the networking party at E11even was a misstep.
“We always aim to be as inclusive as possible and create a safe environment.”
Ryan Taylor, the chief executive of Dash Core, said in a statement “we were unaware that the event we sponsored would be held at a venue featuring adult entertainment.”
This comes after US banking giants JP Morgan Chase and Bank of America banned account users from buying cryptocurrency using credit cards after the price collapsed following highs in December.
A JP Morgan spokesman said: “At this time, we are not processing cryptocurrency purchases using credit cards, due to the volatility and risk involved.”
“We will review the issue as the market evolves.”
A spokesman for Bank of America confirmed that the bank had taken the same approach.
The ruling follows dramatic falls in cryptocurrency prices after records highs in the last two months.
Bitcoin stopped just short of $20,000 as it hit its highest ever levels in December before tumbling to almost half of the amount.
Volatility has seen prices change by thousands of pounds in hours after the cryptocurrency market became global news.