The cryptocurrency company, chaired by former UK chancellor Lord Philip Hammond, has issued an apology for hosting an event where sushi was served on the bodies of scantily clad models. Copper admitted the event did not align with the company's values and announced an internal review. The controversial gathering has shed light on the culture of the crypto industry, questioning its desire to establish itself as a reputable sector. The company, which provides digital asset storage services, has been under scrutiny following the event. Despite the event being organized by a third party, Copper acknowledged its embarrassment and emphasized that such occurrences do not reflect its corporate values. The incident has sparked debate about the crypto industry's conduct, as it tries to overcome previous controversies and gain credibility. The company's efforts to obtain regulatory approval from the UK's Financial Conduct Authority have also faced challenges. The situation emphasizes the need for stricter event approval and sponsorship processes within the crypto industry.