FaZe Clan Kicks Out Kay And Suspends Three Other Members After Cryptocurrency Endorsement

Four mem­bers of the esports orga­ni­za­tion FaZe Clan have been pun­ished fol­low­ing crit­i­cism of their cryp­tocur­ren­cy endorse­ment, with one of the four ulti­mate­ly get­ting fired from the group.

FaZe Jarvis (who was per­ma­nent­ly banned from Fort­nite for using an aim­bot) Nikan, and Tee­qo have been sus­pend­ed indef­i­nite­ly. Mean­while, Kay has been com­plete­ly removed from the team. In a state­ment post­ed to Twit­ter, FaZe Clan said it does­n’t con­done the actions tak­en by those individuals.

This state­ment was released after mem­ber of FaZe Clan, includ­ing Kay and Nikan, pro­mot­ed a cryp­tocur­ren­cy token in late June that end­ed up suf­fer­ing dev­as­tat­ing loss­es. In turn, this caused the group’s mil­lions of fans to report­ed­ly loose thou­sands of dol­lars with­in minutes.

Accord­ing to a Kotaku report, FaZe Clan and oth­er ran­dom influ­encers like YouTu­ber Bryan “RiceGum” Quang Le urged fol­low­ers to invest in a dig­i­tal cur­ren­cy called “Save The Kids.” It sup­pos­ed­ly promised to donate a per­cent­age of the pro­ceeds to char­i­ty byway of the Binance Char­i­ty Wal­let. How­ev­er, as mil­lions began buy­ing the cur­ren­cy, those who toke part in the pre­sale began “pump­ing and dump­ing.” This is a tac­tic in which ear­ly investors sell their goods before the val­ue tanks.

Short­ly after this push on fol­low­ers, the val­ue of “Save The Kids” cryp­tocur­ren­cy tanked. Those who bought into the cur­ren­cy crit­i­cized FaZe Clan for it. FaZe Kay went on Twit­ter to apol­o­gize to every­one affect­ed, say­ing it was “irre­spon­si­ble of me to speak pub­licly about any coins with­out know­ing more.”

Despite the apol­o­gy, FaZe Clan announced on Twit­ter that it fired Kay, giv­ing him the harsh­est pun­ish­ment of all involved.

FaZe Clan had absolute­ly no involve­ment with our mem­bers’ activ­i­ty in the cryp­tocur­ren­cy space, and we strong­ly con­demn their recent behav­iour,” the orga­ni­za­tion con­clud­ed in its state­ment. “The trust and respect of our fans has been, and will always be, our num­ber one priority.”

I am a Platinum lover and an ex- Cod-aholic. I've been playing games since I was 5 years old and I refuse to quit, despite my mother's attempts to get me to. God of War and its successors are my all time favorite games.

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