Contentious crypto disagreement between FaZe Banks and Adin Ross explained, as YouTuber relinquishes FaZe Clan CEO position
In a surprising turn of events, FaZe Banks, a prominent member of FaZe Clan, finds himself at the centre of a cryptocurrency controversy. The influencer is accused of making substantial profits from a meme coin known as MLG Coin, which later crashed, leading to allegations of a 'rug pull'.
The controversy began in January 2025, when FaZe Banks backed MLG Coin. However, the coin quickly plummeted, and accusations of a 'rug pull' started circulating on social media. A viral screenshot from the MLG Coin official chat reportedly shows FaZe Banks blaming Adin Ross, another FaZe Clan member, for the coin's crash.
In the message, Banks suggests that Ross’s "ego got hurt" after backing the coin, implying Ross was partly responsible for the token’s failure. FaZe Banks is alleged to have claimed in the screenshot: "The only bad actor in this entire thing is Adin. Point Blank. Period."
Adin Ross has confirmed the authenticity of the screenshot but denies any involvement in rigging or scamming with the coin. Ross expressed feeling hurt that someone he considered a brother was blaming him behind his back.
FaZe Banks has stepped down as CEO of FaZe Clan and withdrawn from social media amid the fallout. He posted proof claiming he personally lost over $100,000 on the MLG Coin, emphasizing he did not profit from it and insisting he never scammed anyone.
The incident has sparked a public dispute and a wider controversy about the token’s collapse and accusations of wrongdoing. FaZe Banks believes he is being targeted in a smear campaign to place blame on him. He has expressed a desire to discuss the situation involving him and Adin Ross publicly.
Meanwhile, Adin Ross has taken to Twitter to express his feelings about the situation. He said, "S*** sad asf, if you guys think that MLG being rugged was me I'm sorry to tell u it wasn't. 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."
As of now, the expected stream with FaZe Banks and Adin Ross, scheduled for July 28, has not occurred, and the date is unknown. FaZe Banks is stepping away from FaZe Clan and the internet due to the negative impact it is having on his life. He believes there is a reason for the unfair treatment he is receiving.
The controversy surrounding FaZe Banks and the MLG Coin incident continues to unfold, leaving many questions unanswered. As more information comes to light, it remains to be seen how this situation will develop.
As the controversy surrounding FaZe Banks and the MLG Coin incident continues to unfold, it has become a prominent topic in pop-culture and entertainment, with factions of supporters and skeptics debating the events on various social-media platforms. In the midst of this, celebrities like Adin Ross, another FaZe Clan member, have taken to Twitter to express their feelings about the situation, raising questions about the authenticity of the accusations and the role of cryptocurrency in the entertainment industry.
