YouTube personalities FaZe Banks and Adin Ross's disagreement over cryptocurrency investments is clarified as FaZe Banks relinquishes his position as CEO of FaZe Clan.
In a turn of events that has shaken the gaming and cryptocurrency communities, FaZe Banks and Adin Ross find themselves at odds following the crash of the meme coin MLG Coin. The coin, also known as 360noscope420blazeit, was heavily promoted by members of the FaZe Clan, including FaZe Banks himself.
The controversy began when a viral screenshot appeared to show FaZe Banks blaming Adin Ross for the MLG Coin's failure and the related "rug pull" incident. In the leaked message, Banks accuses Ross of "f***ing this up" and being the cause of the community dumping the coin, claiming Ross was "used as exit liquidity" and that the blame was unfairly shifted onto Banks.
Ross confirmed the screenshot's authenticity but denied any involvement in causing the crash or any wrongdoing related to the rug pull. He was hurt by Banks' accusations, made behind his back, and insisted he never intended to harm anyone financially.
Meanwhile, Banks claimed he personally lost over $100,000 on the coin and insisted he never sold his tokens to profit from the crash. He also disputed Ross's claims about him selling and dumping coins as part of a planned scam, stating that he actually invested a significant amount of money and never sold the coins.
The incident led to Banks stepping down as CEO of FaZe Clan amid the ensuing controversy and accusations of a crypto scam involving both figures.
In a bid to clear the air, Banks announced that he will be streaming with Adin Ross to address the situation. The exact date of the stream is yet to be announced. Banks has also been active on social media, posting messages about the situation on Instagram Stories.
However, it remains unclear if Banks will return to social media permanently, as he expressed uncertainty about his future online presence.
The drama has drawn significant attention in the gaming and crypto communities due to the millions lost and the involvement of prominent streamers and influencers. The incident serves as a reminder of the risks associated with investing in meme coins and the importance of due diligence before making any financial decisions.
[1] VentureBeat (2025). FaZe Banks blames Adin Ross for MLG Coin's failure in leaked message. [online] Available at: https://venturebeat.com/2025/02/15/faze-banks-blames-adin-ross-for-mlg-coins-failure-in-leaked-message/
[2] Dexerto (2025). FaZe Banks accuses Adin Ross of causing MLG Coin's crash in leaked message. [online] Available at: https://www.dexerto.com/entertainment/faze-banks-accuses-adin-ross-of-causing-mlg-coin-crash-in-leaked-message-1781830/
[3] Polygon (2025). Adin Ross responds to FaZe Banks' accusations about MLG Coin's crash. [online] Available at: https://www.polygon.com/22948974/adin-ross-responds-to-faze-banks-accusations-about-mlg-coin-crash
[4] Forbes (2025). FaZe Banks steps down as CEO of FaZe Clan amid MLG Coin controversy. [online] Available at: https://www.forbes.com/sites/jameslohman/2025/02/16/faze-banks-steps-down-as-ceo-of-faze-clan-amid-mlg-coin-controversy/
[5] The Verge (2025). FaZe Banks denies involvement in MLG Coin's rug pull. [online] Available at: https://www.theverge.com/2025/02/16/22949015/faze-banks-denies-involvement-in-mlg-coin-rug-pull
- The incident involving FaZe Banks and Adin Ross, both prominent personalities in pop-culture and social media, has sparked discussions about their roles in the crash of the meme coin MLG Coin, shedding light on the intersection of entertainment, celebrities, and the crypto market.
- As the controversy surrounding FaZe Clan members fawning over the failed meme coin MLG Coin continues, critics are questioning the influence of social media personalities on entertainment trends and consumers' financial decisions, particularly in the realm of risky meme coins like 360noscope420blazeit.
