Banks has announced that he’s stepping down as CEO of FaZe Clan following accusations that he scammed fans through a failed cryptocurrency project with Adin Ross.
“I’ve never scammed anyone a day in my fucking life. The entire narrative is unfair and part of the reason it exists is cause my ‘FaZe’ name is so easily farmed and manipulated,” the 33-year-old wrote on X Monday.
He went on to say, “The fact this is affecting the guys at all, is whack. So for the time being I’m gunna be stepping away from not only FaZe, but all this internet shit. It’s destroying my life inside and out. Sucks my entire life gets ruined over something I didn’t even do. The real ones know. I wish I could say I’ll be back, but I really don’t know if I will.”
Banks took to his Instagram Stories to elaborate on the situation, saying that although he’s grateful to be physically healthy, the allegations against him are nothing more than “simply me being farmed.”
“Anybody with a brain or anyone who’s bothered to look into details of the ‘scam’ garbage knows it’s just simply me being farmed. Simple as,” he wrote. He also added that “everything can change on a dime.”
Banks continued, “Somehow this falls on me and threads farm the whole situation spin it into me selling and dumping coins. When I ran the thing up from fucking $3m to $200m organically, top blasted multiple times, invested a fuck ton of money, and NEVER EVER SOLD. The only bad actor in this entire thing is Adin. Point blank. Period.”
Adin Ross later confirmed the leaked screenshot was real but denied any wrongdoing.
“The banks screenshot is real. Shit sad asf, if you guys think that mlg being rugged was me im sorry to tell u it wasn’t,” Adin Ross wrote from an alternate account. “There’s a reason that entire house is silent, truth will come out eventually. I’m just more hurt on the fact someone I call my brother is behind my back.”
Before revealing he was stepping down from FaZe Clan, Banks announced plans for a joint stream with Adin Ross to clear the air.
“On the phone with Adin right now, we’re doing a stream together tonight to address ALL OF THIS,” Banks wrote. “This whole thing has been wildly miscommunicated and destroyed my mental the last several months. I’ve wanted to more publicly talk about this situation for a while. Sucks any of this fucked with me and Adin’s relationship. See you guys tonight.”
