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Navigating the shady world of influencer cryptocurrency giveaway scams
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Tiger King crypto: What is it and why is it rising in price?
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Esports and entertainment collective
FaZe Clan has booted one member and suspended three others for their participation in an alleged “pump-and-dump” cryptocurrency scheme.
Longtime member
FaZe Jarvis and fellow members
FaZe Nikan and
FaZe Teeqo are suspended “until further notice,” FaZe Clan said in a statement tweeted July 1.
“FaZe Clan had absolutely no involvement with our members’ activity in the cryptocurrency space, and we strongly condemn their recent behavior,” the collective added. “The trust and respect of our fans has been, and will always be, our number one priority.”
A statement from FaZe Clan. pic.twitter.com/HnPXpAoSYX
The “recent behavior” FaZe Clan refers to is the four members’ investment in–and promotion of–the
FaZe Clan Removes And Suspends Team Members Due To Alleged Crypto Pump And Dump
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Faze Clan Fires Kay, Suspends Three Other Members Over Shady Crypto Scheme
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Last month, four members of Faze Clan Kay, Jarvis, Nikan and Teeqo were in the Fuck Around stage of an incredibly shady cryptocurrency operation. Today, they are very much in the Find Out stage.
In short, a cryptocurrency token digital currency on the blockchain that can be traded or invested called ‘Save The Kids’ was released in June. Crypto assets like these are becoming more and more common, especially after the tumultuous rise of cryptos like Dogecoin and the volatile but popular Bitcoin. What set this specific token apart was that it promised users that a percentage of the proceeds would go to charity.