🏠 » General » FaZe Banks called out on crypto after SaveTheKids scandal

FaZe Banks called out on crypto after SaveTheKids scandal

FaZe Clan CEO Richard “Faze Banks” Bengston is under fire for supporting a potentially sketchy cryptocurrency in a since-deleted tweet. 

Earlier in July, FaZe Clan suspended multiple team members and content creators for their involvement in promoting SaveTheKids, a cryptocurrency considered a “pump-and-dump” scheme that crashed in value after the FaZe Clan members tweeted about the coin to their fans.

In response to the possibly illegal operation, FaZe Banks commented that he had “zero involvement or knowledge” about the SaveTheKids “garbage.” The rest of FaZe Clan was also unaware, he added. 

“The people involved acted as individuals and did all that shit on their own and have been removed as a result. Nobody’s more upset about all of this than we are. We took action the moment this was brought to our attention,” FaZe Banks said. 

FaZe Banks explained that the team took action as soon as they found out about the SaveTheKids situation. He called it “embarrassing” and added that he wished the young pro gamers had asked him about it beforehand so he could have “shut the entire thing down before it was too late.” 

I don’t know how this isn’t 100% clear at this point, but I had zero involvement or knowledge of this SaveTheKids garbage and neither did FaZe Clan. The people involved acted as individuals and did all that shit on their own and have been removed as a result.

— FaZe Banks (@Banks) July 7, 2021

In response to FaZe Bank’s Twitter rant, a lot of people in the esports community pointed out that the CEO had promoted another sketchy cryptocurrency in the past. FaZe Banks had promoted BANKSOCIAL.io in late May. The since-deleted tweet said that it was a “project I fuck with heavily and truly believe is the next one to pop.” FaZe Banks had also allegedly given away $10,000 worth of Bsocial crypto coin to a random winner. 

FaZe Banks crypto

Did FaZe Banks scam followers with Bsocial crypto?

FaZe Banks denied selling any of his Bsocial coins after the screenshots were shared. He said that Bsocial is a legit crypto company unlike SaveTheKids. FaZe Banks claims he deleted the tweet because it was a giveaway and he “always deletes” giveaway tweets. So far, nothing much more is known about FaZe Banks’ involvement with Bsocial or why it declined in value after his promoting it. 

For many people in the investment scene, cryptocurrency is a very risky investment that’s often shaky and unstable compared to other investment opportunities. This led many to question why FaZe Banks would promote a cryptocurrency at all. It also made the esports community increasingly concerned with the number of influencers promoting crypto coins to younger audiences who may not be aware of the risk and could potentially be taken advantage of. 

Latest News
Check out these 5 most popular online slots for 2025
Online slots are currently bigger today than ever ...
DanLudan continues slot win streak with another big jackpot
DanLudan is having an excellent month in playing ...
These slots are the best hidden gems you can find online
When it comes to online slots, the highest ...
Drake brings giveaways to gambling stream with Adin Ross on Kick
Drake has officially announced an upcoming gambling stream ...
Complexity vs FaZe Clan: PGL Bucharest finals day betting guide
PGL Bucharest’s Counter-Strike tournaments have a built-in third-place ...
DanLudan wins half a million playing popular slot game
The latest win by DanLundan in Slayers Inc. ...
These are the 5 highest RTP slots you can play online
When players want to win big and consistently ...
G2 Esports vs Complexity: PGL Bucharest playoffs betting guide
G2 Esports and Complexity Gaming are set for ...
Rock Vegas slot pays off big for Kick streamer Chimper
Kick streamer Chimper recently scored a big $5,000 ...
Aurora vs Complexity: PGL Bucharest playoffs betting guide
Complexity Gaming has overcome the odds and made ...
Editor's Picks
Who is Stevewilldoit? Net worth, girlfriend, and more
The news of Stephen "Stevewilldoit" Deleonardis, the master ...
All we know about Thea Booysen, MrBeast’s girlfriend
Jimmy "MrBeast" Donaldson is known purely for his ...
How to quickly make infinite water in Terraria
Whether you’re looking to spruce up your Hellevator ...
Best Pokemon Glazed cheat codes
Pokemon Glazed is one of the most popular ...
How to enable net graph in CS2 
Competitive players were disappointed when they discovered that ...

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
21+NCPGGamblers Anonymous
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site