Esports team FaZe Clan fired FaZe Kay (real name Frazier Khattri) last week for allegedly pumping and dumping a cryptocurrency purportedly for charity called “Save The Kids.”
FaZe Clan (a prominent brand in the Counter-Strike: Global Offensive scene) also suspended three more members Jarvis, Nikan, and Teeqo until further notice, according to the team’s Twitter account.
Prominent YouTuber RiceGum (who has a record of promoting scams) had joined the FaZe Clan members in advertising the Save The Kids crypto project to their combined 6.3 million Twitter followers.
The sacking and suspensions followed an investigation by YouTuber Coffeezilla, which tracked FaZe Clanners’ Binance wallets and linked Kay to Save The Kids’ developer.
In a nearly 40 minute video, Coffeezilla also uncovered Kay’s history of pumping and dumping unknown tokens.
Overall, Coffeezilla reported FaZe members:
- Jarvis sold two-thirds of his Save The Kids stash within days of the launch.
- Nikan offloaded around a third of his over a few days.
- Kay raked in roughly $30,000 by dumping about 6 billion $KIDS tokens in the 24 hours after launch.
Save The Kids’ website is now offline. The project is believed abandoned and the price of the $KIDS token has plummeted.
Dev ‘hard coded’ Save The Kids into a scam
In now deleted tweets, the esports influencers claimed Save The Kids would “change lives and do a lot of good.”
Save The Kids’ defunct website noted 3% of all token transactions would be split between charity, existing holders, and locked in the smart contract — echoing crypto Ponzi games like SafeMoon and EthereumMax.
The site also promised potential investors that a so-called “anti-whale function” in the code would prevent huge sell-offs on listing.
However, Coffeezilla discovered the token’s developer changed its code just before launch.
The edit — actioned the day before 1 billion tokens were placed on Binance Chain decentralized exchange PancakeSwap — slashed the 24-hour embargo to just five minutes.
From a recorded Discord chat with the dev, Coffeezilla found the decision came from a group chat with several social media influencers.
The dev said he was “just following orders” when they allowed the esports influencers to immediately dump their tokens.
Coffeezilla additionally revealed that Kay had received crypto from deployment wallets of obscure projects Gamesafe.io, SafeGalaxy, and Moonportal — which means their leaders sent them directly to Kay.
Only, Kay promptly sold them after promoting the projects to his Twitter and Instagram followers.