FaZe Banks Helped Out Crypto Scam Victim

FaZe Clan found itself in the middle of its own cryptocurrency scam scandal just a couple of weeks ago. The co-owner of the organization Ricky Banks AKA FaZe Banks paid one of the victims of the crypto scam over $10,000 in NFT assets and Ethereum.

Last July 1st, FaZe Clan revealed that they permanently removed Kay and suspended three of their clan Niknam, Jarvis, and Teeqo following the crypto scam allegations. So far, only Kay has spoken and released a statement publicly regarding the said issue and explained that he is going through the legal proceedings.

The esports organization FaZe Clan is not directly involved but still gets some criticism. While FaZe Banks says that someday they will still consider the three streamers related to the said scam.

He recently shared about his love for blockchain tech, crypto space, and NFTs. He even helped the CEO of 100 Thieves Matthew Haag AKA Nadeshot pick out his $73k CryptoPunk ‘TheThief’. One collector posted on Twitter that he got scammed and FaZe Banks decided to help him out and lend a helping hand. He responds to the collector’s tweet saying that’s super unfortunate and since he is following him, he himself will restore balance in his wallet and transfer everything that the scammer promised him.

FaZe Banks transferred six Ethereum at that time which would’ve been equal to around $11,000. The collector was delighted by Banks’ help and decided to host an NFT giveaway to give back and celebrated FaZe Banks’ act of kindness.

 

Faqs

Contact your bank immediately to let them know what’s happened and ask if you can get a refund. Most banks should reimburse you if you’ve transferred money to someone because of a scam.

Talk to People Who Can Help. The first thing you should do once you realise you’ve fallen victim to a scam is to reach out to people who can help you. A crypto lawyer can identify where the coins have been moved to and make sure exchanges are on alert to freeze any accounts the scammers may be using.16-Feb-2022

– reset your passwords.
– let your bank know your financial information might have been stolen.
– make sure you update your anti-virus software.

Unlike bank accounts for federally regulated currency, there’s no such thing as fraud protection or FDIC insurance on the blockchain. When your money gets stolen on blockchain, the only way to get it back is for the recipient to pay you back directly.06-Jan-2022

As FaZe Clan members and influencers such as Youtuber Bryan Quang “RiceGum” Le and Sommer Ray, who were involved in promoting the fake crypto token charity Save The Kids, deal with the fallout from their involvement (Frazier “FaZe Kay” Khattri was removed from the organization on July 1, while three others were 07-Jul-2021

Talk to People Who Can Help. The first thing you should do once you realise you’ve fallen victim to a scam is to reach out to people who can help you. A crypto lawyer can identify where the coins have been moved to and make sure exchanges are on alert to freeze any accounts the scammers may be using.16-Feb-2022

Conclusion

FaZe Clan found itself in the middle of a cryptocurrency scam scandal just a couple weeks ago. Ricky Banks, the co-owner of the organization, paid one of the victims $10,000 in NFT assets and Ethereum following accusations that he was involved in a cryptocurrency scam. Kay has only spoken

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