The well-known e-sports team FaZe Clan announces the player “Kay” and suspends »Jarvis«, »Nikan« and »Teeqo«. Everyone is said to have been involved in a fan fraud. It’s about the crypto token “Save The Kids”, which advertises donations to children in need.
The professional players had entered into a partnership with the coin developers and had advertised it to its millions of fans on YouTube and Twitter. In the meantime, the corresponding tweets can no longer be found on Twitter. The YouTuber »RiceGum«, who had already become conspicuous in the past, also took part in the campaign.
What should have happened
When the coin was launched, the price initially rose – and then fell rapidly. You can do a course here look at. The accusation is now that the YouTubers themselves should have benefited from a so-called “pump and dump” scam.
So you should have invested in the crypto currency yourself, used your prominent position for advertising and after the subsequent rise in the price sold your shares at a profit. The crypto developers themselves are also said to have had unfair intentions that Website des Tokens was taken offline.
Who is making the allegations? Some YouTubers had set out on a search for clues and want to have traced this scam using the virtual wallets of the YouTubers involved. Here you can see a corresponding video:
Link to YouTube content
FaZe distanced itself from the players in a letter on Twitter condemning their behavior. The team also had “absolutely no involvement” in the action.
Link to Twitter content
Influencer presents himself as a victim
The fired player Kay apologized for the action on Twitter and claimed to have acted “without bad intentions” and “naively”, although he was surprised by the fall in the share price.
Link to Twitter content
Kay also emphasizes how important his fans are to him. In the light of the revelations that I had profited from the action myself, it does not seem particularly believable. The allegations of having abused the trust of the fans for personal profit could not be credibly refuted.
It’s not the first time influencers have been involved in scams and similar incidents. For example, some YouTubers attracted attention through dubious machinations with skins or illegal gambling.
