FaZe Clan kicks streamer out over dubious crypto scheme

North American esports organization FaZe Clan has terminated an agreement with its streamer Kay for participating in an alleged cryptocurrency scam. In addition, the organization's management suspended three other content creators indefinitely for the same reason.

In a statement, the organization completely denounced and denounced its members. Curiously, at the end of May, the founder and co-owner of the organization also promoted a dubious cryptocurrency, but then deleted the posts.

FaZe Clan members were accused of advertising to their multimillion-dollar audience a new altcoin called "Save The Kids", which was supposedly supposed to help charities. They created an artificial excitement around the cryptocurrency so that it would rise in price, after which they sold their shares, making a profit at the expense of gullible investors. The FaZe Clan leadership has officially declared that it has nothing to do with the participants' business in the field of cryptocurrency, but strongly condemns their actions.

It all started just fine, because in a few days, as often happens, the cryptocurrency collapsed, while the ideological inspirers quickly left the "project", apologizing along the way on social networks.

Interestingly, Nikan and Teeqo have been doing content under the leadership of FaZe Clan for over a decade. Kay has been a member of the organization since 2013, and his younger brother Jarvis joined the organization several years ago. Four of them have more than 10 million subscribers on YouTube and the same number on other social networks.