{"id":22767,"date":"2021-07-02T00:08:10","date_gmt":"2021-07-02T04:08:10","guid":{"rendered":"https:\/\/dviouscontent.com\/index.php\/2021\/07\/02\/faze-clan-kicks-kay-suspends-jarvis-and-teeqo-over-crypto-scam-general-news\/"},"modified":"2021-07-02T03:23:59","modified_gmt":"2021-07-02T07:23:59","slug":"faze-clan-kicks-kay-suspends-jarvis-and-teeqo-over-crypto-scam-general-news","status":"publish","type":"post","link":"https:\/\/dviouscontent.com\/index.php\/2021\/07\/02\/faze-clan-kicks-kay-suspends-jarvis-and-teeqo-over-crypto-scam-general-news\/","title":{"rendered":"FaZe Clan kicks Kay, suspends Jarvis and Teeqo over crypto scam &#8211; GENERAL News"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn-images.win.gg\/news\/8e5231f0eadafd174b670e838e42d97d\/29524942d344b69b7a61e34b5310dfc2\/original.jpg\" \/><\/p>\n<div>\n<p class=\"c-Article__infoText c-Article__infoText--author\">Steven<!-- --> <!-- -->Rondina<!-- --> \u2022 <!-- -->02\/Jul\/21<!-- --> \u2022<!-- --> <!-- -->04:08<\/p>\n<\/div>\n<div>\n<p>FaZe Clan has kicked one member of its group and suspended three others over an alleged cryptocurrency rip-off.<\/p>\n<p>The group introduced that Jarvis \u201cJarvis\u201d Khattri, Nikan \u201cNikan\u201d Nadim, and Jakob \u201cTeeqo\u201d Swarden have been suspended indefinitely. Frazier \u201cKay\u201d Khattri was reduce fully. This comes after the 4 content material creators purportedly took half in an egregious pump-and-dump and pretend charity rip-off designed to trick their followers.<\/p>\n<p>In an announcement launched to FaZe Clan\u2019s Twitter account, the group condemned their conduct and acknowledged it had no half in its gamers\u2019 dealings in cryptocurrency.<\/p>\n<p>Jarvis, Nikan, and Teeqo haven&#8217;t put out an announcement on the matter up to now. Kay publicly addressed the matter on June 27 on Twitter, saying he was misled and apologizing to followers he \u201clet down.\u201d<\/p>\n<div class=\"div_border\" contenteditable=\"false\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I would like you all to know that I had no in poor health intent selling any crypto alt cash. I actually &amp; naively thought all of us had an opportunity to win which simply isn\u2019t the case.\u00a0I did not vet any of this with my group at FaZe and I now know I ought to have.<\/p>\n<p>\u2014 FaZe Kay (@FaZeKay) <a href=\"https:\/\/twitter.com\/FaZeKay\/status\/1409221680178909184?ref_src=twsrc%5Etfw\">June 27, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<h2>Jay has historical past of crypto scams with FaZe Clan&#8217;s Banks<\/h2>\n<p>The discharge of Kay and suspensions of Jarvis, Nikan, and Teeqo comes after the 4 promoted a \u201cSave the Youngsters\u201d token. The 4 FaZe personalities, alongside plenty of different social media personalities, stepped ahead and acknowledged they had been \u201cmodel ambassadors\u201d for the cryptocurrency.\u00a0<\/p>\n<p>After an unknown variety of followers invested in cryptocurrency, the influencers allegedly bought all their holdings in Save the Youngsters and profited off the distinction. A lot of the alleged have deleted any hint of Save the Youngsters from their social media.<\/p>\n<div class=\"div_border\" contenteditable=\"false\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Whereas I\u2019m very passionate concerning the crypto house, it is extraordinarily difficult &amp; I nonetheless have lots to be taught &amp; I warning everybody to look intently earlier than investing.<\/p>\n<p>\u2014 FaZe Kay (@FaZeKay) <a href=\"https:\/\/twitter.com\/FaZeKay\/status\/1409221776375259145?ref_src=twsrc%5Etfw\">June 27, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<p>If true, this might be a textbook pump-and-dump scheme and would could also be unlawful.<\/p>\n<p>This FaZe Clan state of affairs follows a really related controversy involving FaZe COO Richard \u201cBanks\u201d Bengston that was coated by Mashable a number of days earlier. In Could, Bengston acknowledged he was operating a $10,000 giveaway for a cryptocurrency named BankSocial. The worth of BankSocial spiked after Bengston\u2019s promotion, and has since misplaced 90% of its worth.\u00a0<\/p>\n<p>After BankSocial declined, Bengston deleted any point out of it from his Twitter. In response to Mashable, a member of BankSocial\u2019s workers later acknowledged working with Bengston to \u201cpump\u201d the cryptocurrency. Kay additionally helped Bengston in selling BankSocial.<\/p>\n<h2>What&#8217;s a pump and dump?<\/h2>\n<p>A pump and dump is a kind of monetary rip-off the place somebody with a monetary stake in a floundering or failing enterprise encourages others to spend money on the enterprise within the hopes that their very own stake turns into extra beneficial. As soon as the worth will increase, they money out on the doubtless expense of those that purchased in at a better worth.<\/p>\n<p>Pump and dump schemes have existed for hundreds of years, however have gained new life lately by cryptocurrencies.<\/p>\n<h2>How lengthy are Teeqo, Jarvis, and Nikan suspended for?<\/h2>\n<p>FaZe Clan\u2019s suspension of Jarvis, Teeqo, and Nikan is indefinite. It&#8217;s unclear how lengthy they are going to be faraway from the group and what this may occasionally entail. The truth that they weren&#8217;t launched whereas Kay was means that FaZe Clan intends to reactivate them sooner or later.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/win.gg\/news\/8584\/faze-clan-kicks-kay-suspends-jarvis-and-teeqo-over-crypto-scam\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Steven Rondina \u2022 02\/Jul\/21 \u2022 04:08 FaZe Clan has kicked one member of its group and suspended three others over an alleged cryptocurrency rip-off. The group introduced that Jarvis \u201cJarvis\u201d Khattri, Nikan \u201cNikan\u201d Nadim, and Jakob \u201cTeeqo\u201d Swarden have been suspended indefinitely. Frazier \u201cKay\u201d Khattri was reduce fully. This comes after the 4 content [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[1475,1178,1329,3051,9339,10742,4720,345,1880,7150,10746],"class_list":["post-22767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esport","tag-clan","tag-crypto","tag-faze","tag-general","tag-jarvis","tag-kay","tag-kicks","tag-news","tag-scam","tag-suspends","tag-teeqo"],"_links":{"self":[{"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/posts\/22767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/comments?post=22767"}],"version-history":[{"count":1,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/posts\/22767\/revisions"}],"predecessor-version":[{"id":22768,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/posts\/22767\/revisions\/22768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/media\/22769"}],"wp:attachment":[{"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/media?parent=22767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/categories?post=22767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dviouscontent.com\/index.php\/wp-json\/wp\/v2\/tags?post=22767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}