Latest news with #FaZeClan
Time of India
2 days ago
- Business
- Time of India
"I was hurt": Adin Ross responds to Banks' meme coin allegations
Image via:A scandal that put the online-streaming and crypto worlds into shake has seen Adin Ross implode the public response to allegations from former FaZe Clan CEO Richard 'FaZe Banks," who blamed him for the demise of the MLG memecoin. With the legal fallout from the scandal, the question of influencer crypto projects ensued again, and along with it, the individual clashes. The Collapse of MLG Coin MLG Coin stepped into the Solana blockchain in early 2025 as a joke-based memecoin. With the patronage of celebrities and complementary viral appeal, the memecoin became a serious asset. By January, it had remarkably garnered a market capitalization of upward of $166 million. Jason Speaks On Banks Stepping Down As FaZe CEO.. Much of the rise was because Ross and FaZe Banks endorsed the token on their social channels heavily. But the hype was short-lived. The price of the coin fell by more than 90% in March, leading to losses for the investors and accusations of a big rug pull. Leaked Texts Arise Blame Game Silence in turn was followed by a flurry of accusations. On July 28, leaked was a Banks message shared as a screenshot from a group chat that went by the name 'MLG Official Main Chat,' which left Adin Ross squarely in the blame. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Test Test Tabbola Undo Banks had accused Ross of being the 'only bad actor' and had said that Ross was 'allowing the community to use him as exit liquidity.' 'Adin Ross f**ked this up,' Banks allegedly wrote. 'His ego got hurt, blamed Frank.' These comments were widely circulated and fueled a social media frenzy, turning the heat toward Ross. Adin Ross Responds: "I Was Hurt" On the 30th of July, Ross held a livestream where he directly addressed the controversy, offering a very emotional, personal spin on Banks' remarks. Speaking at around 15 minutes into the stream, Ross emphasized the depth of their relationship, 'Okay, so here's where I'll start about this, guys, I don't hate FaZe Banks. Okay? I don't hate FaZe Banks. I have history with him, bro. This is someone that, for a very long time, I consider family. Right? Like, when I woke up and seen this s*t, you can pull up my tweet, too. I was fking hurt. I was hurt. I'm not going to lie to you all, chat, I don't give a f*k, I don't hate the guy. I'm not mad at him, bro. Was this something that caught me off guard? Was it something that I wished didn't happen? Yeah. It hurt. It was all just... it hurt. Okay?" Ross did not really go into detail on the technical aspects of the coin's rise or collapse, but rather on the very personal feelings of betrayal he experienced with someone whom he had trusted. His tone was reflective. Crypto and Consequences The MLG debacle has served as a cautionary tale in the world of influencer-backed crypto. A craze start-ups into risky financial storms with holders with empty pockets and creators rushing to protect their reputations. Neither Banks nor Ross have ever accepted the fact that they were behind an alleged rug pull. The accusations were therefore difficult to take at face value, especially with leaked group chats and market dumps happening within the same timeframe. For now, it appears that Adin Ross has drawn a line between private emotions and public blame. Whether this is the resolution to the controversy or just a break before further revelations come forth is still unknown. One thing is sure, the confluence of influencer culture and crypto hype has remained one explosive mix. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
2 days ago
- Entertainment
- Time of India
'What the f**k': FaZe Rain blasts FaZe Banks for blaming Adin Ross over alleged MLG crypto coin scam
(Image via @FaZe_Rain & @banks/X) FaZe Clan drama just hit another level, and this time, it's got crypto, leaked DMs, and some serious finger-pointing. On July 28, 2025, former FaZe CEO Richard 'FaZe Banks' officially stepped down after the now-infamous MLG coin scandal, but it's what came after that has the internet fully locked in. FaZe Rain, a longtime Clan member, had one phrase for the situation: 'Crazy thing to read.' FaZe Rain doesn't hold back after leaked DMs call out Adin Ross The MLG coin (yep, the one meme'd as '360noscope420blazeit') exploded earlier this year after being pushed hard by Banks and Kick streamer Adin Ross. At one point, the coin peaked at a wild $200 million market cap before crashing down to just $12 million, causing accusations of a classic rug pull. Now, with the dust settling, leaked DMs started floating around online. And here's where it gets messy: Banks allegedly pinned the blame on Adin Ross, calling him the 'only bad actor' in the situation. That didn't sit right with Rain. — yoxics (@yoxics) During a recent Twitch stream, Nordan 'Rain' Shat, a longtime FaZe member and former housemate of Banks, didn't wait long to go live and speak up. 'When I read that sh*t at the end saying there's only 'one bad actor in this, and it's Adin,' I was like 'What the f**k!,' that was a crazy thing to read, right?" he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The DMs, which rapidly circulated online, appeared to show Banks distancing himself from the token's collapse, placing heat on Ross and his audience. Rain, however, wasn't buying the deflection. Rain calls out Banks for dodging accountability Rain's biggest issue wasn't just the message; it was the lack of ownership. He pointed out that Banks hadn't confirmed or denied whether the DMs were real. 'We all f**k up, we all make mistakes, but it's all about taking accountability,' he exclaimed. He also reminded viewers that Banks was the one who connected Ross with "Frank", the now-infamous figure linked to the MLG coin's backend. Rain likened it to introducing two friends, and one robbing the other. If you made that connection, it's partially on you. Jason Speaks On Banks Stepping Down As FaZe CEO.. Jasontheween says FaZe is still locked in, even after CEO shake-up Meanwhile, Jasontheween, another core FaZe member, broke his silence during a recent stream. According to him, the vibe inside FaZe Clan remains intact, despite Banks stepping down: 'The subathon's still goin' on, we're all still boys. Nothing's gonna change,' he said. He added that a lot is happening behind the scenes, stuff the public 'just doesn't need to know about.' But for now, the Clan is focused on keeping content rolling and moving past the headline storm. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
2 days ago
- Entertainment
- Time of India
'It's still going on': FaZe Adapt responds to Banks quitting as CEO of FaZe amid crypto scandal with Adin Ross
(Image via @scubaryan_/X & @banks/Instagram) The FaZe Clan community is buzzing once again, and this time, it's not about trick shots or collabs. Richard 'Banks' Bengston, longtime face and former CEO of FaZe, has officially stepped down following mounting backlash over his alleged involvement in a controversial crypto scam. And now, FaZe Adapt, one of the OGs of the group, has finally broken his silence, with a mix of disappointment, hope, and real talk. FaZe Adapt reacts to FaZe Banks stepping down as CEO of FaZe on stream after crypto scandal During a Twitch stream on July 29, 2025, FaZe Adapt finally addressed the elephant in the room: the crypto controversy involving Banks and his sudden resignation from the CEO position. For fans hoping for a fiery takedown or blind loyalty, Adapt's response was… more real than anything. Adapt didn't jump to conclusions. Instead, he acknowledged the uncertainty. 'It's also a thing where it's still going on… So it's hard to sit here and really speak on it in a serious way when it's not handled yet,' he said. While he didn't dig into the technicalities, Adapt made one thing clear that watching Banks step down felt rough. 'It sucks to see how it went down and how it unfolded,' the streamer said. The scandal that rocked FaZe: What went wrong with MLG coin? If you've missed the drama, here's the quick rundown: Earlier this year, Banks was heavily promoting 'MLG coin,' a meme-style cryptocurrency pushed during his livestreams, including a now-notorious joint stream with Kick star Adin Ross. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AirSense 11 – Smart tech for deep sleep ResMed Buy Now Undo Within weeks, the coin tanked. Accusations of a classic 'pump-and-dump' flooded X (formerly Twitter), Reddit, and Discord. And when a leaked screenshot showed Banks allegedly blaming Ross for the coin's failure, chaos ensued. The New FaZe Banks Allegations Might Destroy Him.. Fans took sides, memes exploded, and eventually, Banks announced he was stepping down as FaZe's CEO. 'We've been through worse': Adapt believes FaZe Clan will bounce back In his stream, Adapt reflected on his 13-year journey with FaZe Clan, through highs, lows, and every chaotic chapter in between. His message? This isn't the end. 'Over the thirteen years I've been in FaZe... there's been a lot of ups and downs... and every time, we've grown from it,' Adapt said. Even with Banks no longer holding the CEO title, Adapt stayed positive: 'I'm confident and optimistic that we'll sort it out and handle it.' What's next for FaZe Clan? With the crypto allegations still being unpacked and FaZe Clan in the spotlight once again, the future remains uncertain. But if Adapt's words are any indicator, the squad isn't backing down. Between streaming, rebuilding trust, and pushing forward, FaZe is clearly at a crossroads. One thing's for sure: Adapt's loyalty to the brand and belief in its ability to rise from the ashes hasn't wavered. As for the MLG coin controversy? That chapter's still unfolding. And the internet will be watching. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
3 days ago
- Business
- Time of India
What did FaZe Banks do? FaZe CEO accused of $200M crypto scam and rug pulling with Adin Ross
(Image via @Banks/X) Ricky 'FaZe' Banks has found himself in the middle of a full-blown internet meltdown. The longtime face of FaZe Clan and former CEO is now stepping away from the spotlight after being accused of scamming fans through a viral meme coin, and it's got the entire creator economy talking. FaZe Banks caught in $MLG token meltdown: What really happened? On Monday, July 28, 2025, a leaked group chat message surfaced on X (formerly Twitter), putting Banks at the center of a growing crypto controversy. The message, allegedly from a private MLG Coin investor chat, showed Banks blaming fellow streamer Adin Ross for the sudden crash of the $MLG meme token. The token had made headlines earlier this year after FaZe members, including Banks, hyped it up, sending its value surging. At one point, MLG jumped from a $3 million market cap to over $200 million. But within weeks, the hype deflated, and fans claimed they were 'rugged', left holding worthless tokens while the big names supposedly cashed out. 'I've never scammed anyone in my life': FaZe Banks exits FaZe Clan Hours later, Banks followed up with another blunt message, announcing that he was stepping away from both FaZe Clan and the internet 'for the time being.' He said the rumors were 'destroying [his] life inside and out' and claimed that the FaZe name was just too easy for people to 'farm' for clout. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn How To Write Faster for Work (Find Out Now) Grammarly Learn More Undo by Taboola by Taboola 'I've never scammed anyone a day in my f**king life,' he said. 'I wish I could say I'll be back, but I really don't know if I will.' Leaked messages ignite feud with Adin Ross The now-viral screenshot painted a dramatic picture: Banks insisted he never sold a single coin and that he was the one who organically grew the token from $3 million to $200 million. 'NEVER EVER SOLD,' he emphasized. The blame? Squarely on Adin. 'The only bad actor in this entire thing is Adin. Point blank. Period.' The message went viral, and Adin didn't stay quiet. He confirmed the screenshot was real and posted on his alt handle, calling the situation 'sad af.' 'I'm just more hurt on the fact someone I call my brother is behind my back,' Adin wrote. A smear campaign or real scandal? Banks says he's being targeted Banks didn't stop at denying the scam, he also claimed someone's paying up to $50K to spin a narrative against him. In a screenshot he shared via Instagram Stories, someone warned him of a coordinated smear campaign, allegedly being pushed across social media platforms. Still, Banks insisted he's 'physically healthy' and confident in his truth. Whether this is a misunderstood project, influencer drama, or something deeper, one thing's clear: this crypto story has officially gone viral and isn't fading any time soon. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
3 days ago
- Business
- Time of India
FaZe Banks says, 'I wish I could say I'll be back… don't know if I will' as he exits FaZe Clan following $MLG controversy
(Image via YouTube/FaZe Banks) The CEO and co-founder of FaZe Clan, Richard Bengtson, popularly known as FaZe Banks, has announced his departure from the organization. He declared to step away from the role after the heated controversy and emotional turmoil surrounding the $MLG meme coin showed no signs of ending. In his released emotional statement, he expressed uncertainty about his future, stating he doesn't know if he will come back. The entire backlash, as per reports, has taken a severe toll on his professional and personal life. FaZe Banks says farewell to FaZe Clan In the raw social media statement issued by Bengtson, Banks poured out his entire frustration. While he denied any involvement in a crypto scam allegations, saying, 'I've never scammed anyone a day in my fucking life,' he ensured to directly address the core allegations that are swirling around him. Banks even went ahead to blame the entire controversy on the association of his with the FaZe brand, claiming that his name got 'easily farmed and manipulated.' The entire backlash surrounding the crypto controversy has been so overwhelming for Banks that he made the decision to step away from FaZe Clan and the internet entirely. Banks has admitted that the controversy is 'destroying my life inside and out,' leaving the fans wondering if Banks' exit would be permanent. His final words, 'The real ones know,' even hinted at his entire frustration over getting misunderstood, while his concluding line, 'I wish I could say I'll be back, but I really don't know if I will,' concluded with uncertainty. What is the $MLG Meme Coin controversy all about? The entire drama traces back to early 2025, when Banks, along with some other FaZe members, promoted $MLG Meme Coin. The value of the coin initially skyrocketed. But the value later crashed. It led to many accusations like 'rug pull,' where the insiders allegedly tried to cash out early and left the investors with a lot of worthless assets. Many even blamed Banks for misleading the fans. Things started to escalate after the leaked group chat message, which showed that Banks was blaming Adin Ross, a streamer, for the failure of the coin. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cargo Ship Meets Pirates - Watch What the Captain Does Next! Tips and Tricks Undo It was claimed by Banks that Ross's actions hurt the project. Though Ross, who confirmed the authenticity of the screenshot, made sure to deny all blame and didn't take responsibility. He called the situation 'sad asf.' The public feud, though, intensified scrutiny. It ultimately pushed Bengtson to walk away. What is next for Richard Bengtson and FaZe Clan? With the sudden exit of Bengtson, the organization FaZe Clan is left without proper leadership. While FaZe Clan stands silent for now, fans are speculating about the organization's future direction. Meanwhile, the indefinite break of Banks, continues to raise questions like, will he return back to content creation or this is it? As of now, the entire controversy is still unfolding. The fans and the critics, both await to see the truth behind $MLG fallout or if it would come out. While there is uncertainty all around, the one thing that remains certain is that this drama is far from over. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
