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On February 23rd, 2018, reports surfaced that the FaZe Clan e-sports activities crew had participated in a pump-and-sell off of Save the Kids Coin (STK), which is allegedly responsible for being one of the primary cryptocurrency scams of this new era.

The collective speedy denied any involvement and issued an announcement on their internet site to resolve any feasible confusion. The collective said that the gamers who were worried have now stopped appearing on behalf of the collective. Furthermore, it became clear that the FaZe Clan no longer participated in the alleged pump-and-sell scheme and is in no way associated with the coin. The announcement additionally reiterated that absolutely each person who’s determined to be worried will realize intense consequences.

The tale has become even more complex since the gaming media discovered that the collective became involved in a feud with FaZe Banks. This could explain why they responded so quickly to the file by denying all allegations leveled against them.

A number of the players appear to have been unaware of what they’ve accomplished, as evidenced by one player’s announcement: “I turned into an adviser, and it turned into a FaZe Clan project, my bad.” He has now been suspended and can no longer be in search of a destiny with FaZe Clan.

FaZe Clan’s announcement:

The collective, as a sponsor of FaZe Banks, has a totally clean line of communication and can’t be worried about the Save The Kids and FaZe Banks projects.

Due to protection motives, we won’t share any facts about the state of affairs. Any percentage of facts that we are capable of achieving is done anonymously or not at all.

We don’t need this to have an effect on the recognition of our corporations and gamers, due to the fact that they have been worried without understanding what they have been doing. We made certain that the collective was not concerned and are investigating the situation to ensure that the players’ reputations are not harmed.

We’ve dropped the gamers, and, as of right now, they’re no longer a part of FaZe Clan, due to the fact they took action earlier than we had a chance to talk.

We need to reiterate that we’re in no way related to Save The Kids Coin or its founders, nor did we take part in any pump-and-dump actions.

Anyone who’s determined to be worried in any manner might be eliminated from the collective right now and could face intense consequences.

We want to apologize to everyone this may have impacted, but we also want everyone to understand that this was a mistake made by a few of our players.

FaZe Clan is working on developing a totally strict affiliation with our sponsors and companions so something like this doesn’t occur again.