FaZe Kay Removed From Clan After Cryptocurrency Scam Allegations

FaZe Kay Removed From Clan After Cryptocurrency Scam Allegations
FaZe Clan | YouTube

Written by 

Jack Marsh

Published 

2nd Jul 2021 10:19

FaZe Clan has removed Kay from their organisation amid allegations of using their influence to promote cryptocurrency whilst "dumping" their investments. Kay's brother Jarvis has also been suspended from FaZe Clan, alongside Nikan and Teeqo.  

With cryptocurrency being a hot topic at the moment, especially following the success of Gamestop, several members of FaZe Clan have been caught up in the drama, after their promotion of the 'Save The Kids' token has been accused of being a scam.

With the finger pointed towards the influencers, FaZe Clan has condemned their actions.

FaZe Clan Remove Kay And Suspend Jarvis, Nikan, and Teeqo

Taking to Twitter, FaZe Clan released a statement that revealed the removal of Kay, and suspension of others. 

The colossal organisation stated: "FaZe Clan has absolutely no involvement with our members' activity in the cryptocurrency space, and we strongly condemn their recent behaviour."

"The trust and respect of our fans has been, and always will be, our number one priority." 

Why Was Kay Removed From FaZe Clan?

The allegations against FaZe Kay stem from his multiple promotions of cryptocurrency campaigns, such as the failed Save The Kids token. 

YouTuber "Coffeezilla" made the most severe accusations in a recent YouTube video, after accessing Kay's public cryptocurrency wallet. 

Kay is accused of "dumping" his cryptocurrency and holds in different tokens, despite promoting them to his millions of fans. This method is illegal in stocks, but no legislation has been put in place for crypto, although it's frowned upon.

Various gamers, YouTubers, non-gamers, and non-YouTubers have been labelling the Save The Kids token as a scam, and FaZe Clan have denied having any involvement. 

Together, the four influencers have 28 years of experience in FaZe Clan, although this time may be coming to an end.

Neither of the three suspended influencers has spoken publicly about their involvement.

 

Jack Marsh
About the author
Jack Marsh
Jack is an Esports Journalist at GGRecon. Graduating from the University of Chester, with a BA Honours degree in Journalism, Jack is an avid esports enthusiast and specialises in Rocket League, Call of Duty, VALORANT, and trending gaming news.
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