FaZe Banks outright denies he had any involvement in SaveTheKids crypto drama Instagram: BanksAfter FaZe Clan announced that it had dropped Kay and suspended Jarvis, Nikan, and Teeqo amid cryptocurrency \u2018pump and dump\u2019 controversy, co-owner Richard \u2018Banks\u2019 Bengston has distanced himself from the drama surrounding the \u2018SaveTheKids\u2019 token. FaZe Clan dropped a major announcement across social media on July 1, revealing that four of its most popular influencers were being dropped or suspended in light of recent engagements with sponsored cryptocurrencies. Kay was let go from the organization altogether, while his younger brother Jarvis was suspended along with Nikan and Teeqo. All four were hit with these consequences after reportedly \u2018pumping and dumping\u2019 a range of altcoins, namely, the \u2018Save The Kids\u2019 token. This label is applied when influencers promote a relatively obscure coin, encouraging their audience to buy in and drive up the value before they cash out and make a profit as the value then begins to tank. A number of FaZe members have evidently been involved in such schemes. However, Banks has broken his silence on the matter, assuring that he never engaged with \u2018pump and dump\u2019 promotions. In a since-deleted Twitter post from May 27, Banks was seen pushing BankSocial.io. In his promotion, Banks offered $10,000 to a \u201clucky\u201d fan that spread the announcement. \u201cThis is a project I f**k with heavily and truly believe is the next one to pop,\u201d he said. Prior to his post, the newly established crypto was valued at roughly $0.000005 USD, according to CoinGecko. The token then soared to a peak value of $0.00000919 \u2014 2.5 times its valuation \u2014 within 24 hours of his tweet before plummeting. It currently sits at a value of $0.00000115, down eight-fold from its peak. Despite this, Banks looked to distance himself from \u2018pumping and dumping\u2019 accusations as other FaZe members became implicated. \u201cI\u2019ve never one time been a part of a pump and dump,\u201d he stressed in a July 2 Twitter thread. \u201cThat\u2019s never happened. My wallet\u2019s public. I wasn\u2019t part of any of this. I\u2019m an open book and have an actual love for this space.\u201d Days later, Banks followed up with further comments in a July 6 Twitter thread. Specifically honing in on the \u2018SaveTheKids\u2019 \u201cgarbage\u201d that various members engaged with, Banks assured he had \u201czero involvement or knowledge\u201d of the situation at first, \u201cneither did FaZe Clan.\u201d \u201cThe people involved acted as individuals and did all that sh** on their own,\u201d he stressed. These members were immediately \u201cremoved as a result.\u201d Nobody\u2019s more upset about all of this than we are. We took action the moment this was brought to our attention. Shit\u2019s embarrassing & I honestly wish these guys came to me about this in the beginning so I could\u2019ve shut the entire thing down before it was too late. We had no idea. \u2014 FaZe Banks (@Banks) July 7, 2021 \u201cNobody\u2019s more upset about all of this than we are. We took action the moment this was brought to our attention. Shit\u2019s embarrassing and I honestly wish these guys came to me about this in the beginning so I could\u2019ve shut the entire thing down before it was too late. We had no idea.\u201d This news stems from a wave of recent backlash with many of the world\u2019s biggest influencers lashing out at those \u201cscamming\u201d their fans with \u2018trashy\u2019 cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"
FaZe Banks outright denies he had any involvement in SaveTheKids crypto drama Instagram: BanksAfter FaZe Clan announced that it had dropped Kay and suspended Jarvis, Nikan, and Teeqo amid cryptocurrency \u2018pump and dump\u2019 controversy, co-owner Richard \u2018Banks\u2019 Bengston has distanced himself from the drama surrounding the \u2018SaveTheKids\u2019 token. FaZe Clan dropped a major announcement across […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48470","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=48470"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48470\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=48470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=48470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=48470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}