FaZe Clan has removed Kay from the organization and suspended Jarvis, Nikan, and Teeqo amidst cryptocurrency drama that saw members promoting a ‘Save The Kids’ altcoin before reportedly ‘dumping’ their investments.
Cryptocurrency has become a hot topic across social media of late as many of the world’s biggest influencers have jumped on the trend to promote various altcoins.
One particular altcoin, known as the ‘Save The Kids’ token, was promoted by various members of FaZe Clan. Days after engaging with this cryptocurrency, Kay has been removed from the organization, while three others have been suspended.
Jarvis, Nikan, and Teeqo, all of which promoted the same token to their respective audiences, have been suspended from FaZe Clan until further notice.
A statement from FaZe Clan. pic.twitter.com/HnPXpAoSYX
— FaZe Clan (@FaZeClan) July 1, 2021
“FaZe Clan had absolutely no involvement with our member’s activity in the cryptocurrency space,” the org’s July 1 statement read. “We strongly condemn their recent behavior. The trust and respect of our fans has been, and will always be, our number one priority.”
The members in focus were all reportedly paid to promote the altcoin before ‘dumping’ their own investments. None of the social media influencers have yet issued a response since FaZe Clan dropped or suspended them.
“I didn’t vet any of this with my team at FaZe and I now know I should have,” Kay tweeted in a June 28 apology days prior to being released. “It was so irresponsible of me to speak publicly about any coins without knowing more & knowing now that they can do more harm than good.”
From YouTube stars to the biggest Twitch streamers, many have latched onto the cryptocurrency trend in recent months. Even FaZe Clan founder and co-owner Banks promoted a unique cryptocurrency in a now-deleted May 27 post.
While remaining silent on the FaZe Clan shakeup, Banks took to Twitter hours later to distance himself from “pump and dump” accusations.
“I’ve never one time been a part of a pump and dump,” he said. “That’s never happened. My wallet’s public. I wasn’t a part of any of this. I’m an open book and have an actual love for this space.”
Kay was a longstanding member of FaZe Clan, having joined the organization in 2013. His younger brother Jarvis is a more recent addition, having come on board in 2019.
Meanwhile, both Nikan and Teeqo are closing in on a decade with FaZe Clan.