Faze Clan announced on Thursday that they are removing Kay from Faze Clan, and suspending Jarvis, Nikan, and Teeqo for an indefinite period of time. Their removal appears to be related to a cryptocurrency scam that the four players were involved in.
"FaZe Clan had absolutely no involvement with our members' activity in the cryptocurrency space, and we strongly condemn their recent behavior," FaZe Clan said in their statement. "The trust and respect of our fans has been, and will always be, our number one priority."
All four members of FaZe Clan were involved with pushing a crypto token called "save the kids" to their fans. The coin very quickly crashed soon after FaZe Clan members and other online influencers (that reportedly included Sommer Ray and Rice Gum) encouraged their fans to invest in the token, leading to many calling it a "pump and dump" scam.
FaZe Clan appears to be distancing themselves from both the specific scam, and cryptocurrency more broadly with Thursday's decision.
