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Is FaZe Clan a scam?

Now, FaZe Clan, a successful esports organization and influencer incubator, has suspended four members involved with the cryptocurrency coin, with some online accusing the coin of being a scam.

Did FaZe Clan promote a 'save the kids' crypto token?

The team tweeted, “FaZe Clan had absolutely no involvement with our members’ activity in the cryptocurrency space, and we strongly condemn their recent behaviour.” According to media reports, the four FaZe members promoted to their online followers a “Save the Kids” crypto token that allegedly was donating part of its proceeds to charity.

Did FaZe Clan cut ties with esports organization?

On Thursday, esports organization FaZe Clan cut ties with several members. They were promoters and backers of the Save the Kids cryptocurrency, which has plummeted in value. Some influencers have been promoting alternative coins, leading to allegations of scams.

Why did FaZe Clan crash?

Their presence was meant to help the alt-coin rise in value. It crashed after two days. FaZe clan has suspended 3 members and booted one entirely over their involvement in a shady "pump and dump" cryptocurrency scheme.

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