Is FaZe shutting down?

I've been hearing rumors that FaZe, the popular esports organization, may be shutting down. Can you tell me if there's any truth to these rumors? I'm particularly interested in any official statements or news releases that may have been made about the future of FaZe. I understand that the esports industry is highly competitive and that changes can happen quickly, but I'm hoping for some clarity on this matter.