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The authorized representatives of Frazier Kay (pictured left), the British content material creator that was not too long ago booted out of FaZe Clan for his involvement in a scandalous Save the Youngsters cryptocurrency operation, have threatened to sue a journalist who helped expose it.
Coffeezilla (pictured proper) has claimed he obtained a stop and desist letter from Kay’s attorneys, demanding he retract his public statements about Kay or face litigation. They declare Coffeezilla’s statements about Kay are ‘false and defamatory’ and that he may ‘lose tens of millions of {dollars} in income’ for publishing them.
Coffeezilla stated he has no plans to take away his previous movies on the state of affairs and that he’s glad to go to courtroom. He added that there’s extra to come back on the Save the Youngsters operation, and has been working with one other YouTuber, SomeOrdinaryGamers, on publishing extra data.
Coffeezilla described the stop and desist letter as “absolute bathroom paper”.
“This [legal letter] is nothing however bullying to try to get me to close up about exposing one of many greatest crypto scams this yr,” he stated.
“For my part, Kay, you’re a self-serving hypocrite. You declare in your response video you need to assist folks and resolve this, however that isn’t true, is it? In actuality, you’re attempting to sue people who find themselves investigating this entire factor, all of the whereas, claiming you’re gonna do your individual investigation.
“No puny lawsuit risk goes to cease me attending to the underside of this.”
You may see the obvious authorized letter and Coffeezilla’s video on it right here:
Here is the FULL stop and desist letter with private element redactions.
Kindof hilarious IMO that considered one of my “defamatory” statements was a joke about how (ex)-Faze Kay, ought to be referred to as Faze Rug. https://t.co/JDTuGsBMz1— Coffeezilla (@coffeebreak_YT) July 14, 2021
In a nutshell, Save the Youngsters ($KIDS) was billed as a cryptocurrency token that might ‘redistribute wealth’ to each token consumers and charities. It was promoted by influencers together with Brits FaZe Jarvis, FaZe Kay and Joel Morris (who has since stepped down from his function at Xcad Community), in addition to others: FaZe Nikan, FaZe Teeqo (who was later discovered harmless), Ricegum and Sommer Ray.
As soon as folks started shopping for in, a number of of those influencers then ‘pumped and dumped’, i.e. bought giant quantities of the token as a way to generate income from it. This crashed the worth of the $KIDS token from $0.0029 to $0.0012 in a few week, leaving many who purchased in with a nugatory crypto.
Earlier than the expose, Kay stated on Twitter it was “irresponsible” of him to talk publicly about any cash with out realizing extra and the way they’ll do extra hurt than good.
“I would like you all to know that I had no unwell intent selling any crypto alt cash,” he stated. “I truthfully and naively thought all of us had an opportunity to win which simply isn’t the case. I didn’t vet any of this with my group at FaZe and I now know I ought to have.
“Whereas I’m very passionate in regards to the crypto area, it’s extraordinarily difficult & I nonetheless have loads to study and I warning everybody to look intently earlier than investing. I’m actually fighting the truth that I allow you to all down and extra importantly anybody whose belief I’ve misplaced. My followers imply the world to me and I wouldn’t be the place I’m right now with out you.”
After Coffeezilla’s preliminary video, Kay printed a quick video saying he was scammed himself – {that a} ‘dishonest particular person’ abused his belief to ‘rip-off everyone and make six-figure income’. He added that attorneys are concerned, that they’re working with authorities and that he’s conducting an ‘impartial’ investigation to search out out precisely what occurred.
Coffeezilla alleges the ‘dishonest particular person’ Kay talked about could also be Sam Pepper, one other British web character whose tweets are at present protected. Coffeezilla’s new video above claims Sam Pepper has been concerned with Kay on different cryptocurrencies up to now.
FaZe Clan stated it had no involvement within the crypto scheme.
Dom is an award-winning author who graduated from Bournemouth College with a 2:1 diploma in Multi-Media Journalism in 2007.
A eager League of Legends and World of Warcraft participant, he has written for a spread of publications together with GamesTM, Nintendo Official Journal, trade publication MCV in addition to Riot Video games and others. He labored as head of content material for the British Esports Affiliation up till February 2021, when he stepped again to work full-time on Esports Information UK and as an esports guide serving to manufacturers and companies higher perceive the trade.
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