Last month, four members of Faze Clan—Kay, Jarvis, Nikan and Teeqo—were in the Fuck Around stage of an incredibly shady cryptocurrency operation. Today, they are very much in the Find Out stage.
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To recap, here’s what we reported earlier in the week:
Loads of the group’s fans pumped money into this scheme, believing their investment was protected by the high profile of those endorsing it, only to see their money disappear almost overnight.
One Faze member, Kay, apologised to his fanbase on Twitter following Save The Kids’ collapse, writing, “I want you all to know that I had no ill intent promoting any crypto alt coins. I honestly & naively thought we all had a chance to win which just isn’t the case. I didn’t vet any of this with my team at FaZe and I now know I should have.”
Please note that last part, where he says he didn’t “vet any of this with my team.” Turns out nobody did, and given the incredibly negative public blowback following the currency’s collapse, Faze clan have moved quickly to discipline some the team members involved, including—and most dramatically—Kay himself.
Faze’s statement reads:
