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What is the FaZe Clan cryptocurrency scam?

By using our Services, you agree to our use of cookies. Learn More. FaZe Clan has recently become embroiled in an apparent cryptocurrency scam that has threatened brothers FaZe Kay and FaZe Jarvis' status with the professional esports organization.

What is the FaZe Clan?

FAZE Clan has been around since 2010. The FaZe Clan members are looking a little different following an alleged cryptocurrency scam. What was the FaZe Clan's cryptocurrency scam? Members of the FaZe Clan were accused of participating in a 'pumping and dumping' scam involving cryptocurrency.

How much is LeBlanc's FaZe token worth?

LeBlanc, 21, from Saint John in New Brunswick, Canada, initially invested $94. But hours after the cryptocurrency token’s launch, its value crashed. LeBlanc’s investment is now worth around $5. “I feel like I’ve been played,” LeBlanc said. “These FaZe members are people that myself and millions of others look up to. We want to be like them.”

What is save the kids cryptocurrency?

The project, a charity cryptocurrency token called Save the Kids, launched on June 5, and its creators promoted it as a way to make the world a better place. The members of FaZe Clan, who each have millions of social media followers, gave it the feeling of something new and exciting.

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