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4 Members of FaZe Clan Involved In Pump-&-Dump Crypto Scheme | The Latest Hip-Hop News, Music and Media

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4 Members of FaZe Clan Involved In Pump-&-Dump Crypto Scheme

Source: Luke Walker / Getty

Getting paid handsomely to play video games competitively is apparently enough for these members of FaZe Clan.

The popular gaming clan that boasts famous members like Offset, Lil Yachty, and Ben Simmons is back in the news. This time, Decrypt reports that FaZe Clan punished four members for their involvement in a pump-and-dump scheme capitalizing off the Save the Kids cryptocurrency project.

Bruh.

According to the report, FaZe Clan suspended Jarvis, Nikan, and Teeqo and gave Kay the boot from the organization for their involvement in the scheme. The players in question promoted “Save the Kids (KIDS), a Binance Smart Chain-based cryptocurrency project billed as a charity initiative.” On the coin’s website, which is now offline, the project was supposed to donate 1% of each transaction fee (3% of the transacted amount) to the Binance Charity wallet that would go on to benefit a kid-centric charity foundation. The influencers claimed that investors would benefit from the growing use of the coin.

But that’s not what happened. Instead, developers pulled out suddenly following the coin’s dramatic dip in value.

Per Decrypt:

After the project went live in early June, the coin’s price dropped nearly 90% in just three days, suggesting that developers used the gaming influencers’ considerable reach to boost the value of the coin before selling and pulling the rug out from investors—a classic pump and dump scheme.

FaZe Clan immediately put out a statement late Thursday (Jul. 1) evening distancing itself from those involved in the scheme announcing it had “absolutely no involvement with our members’ activity in the cryptocurrency space” while pointing out it “strongly condemn[s] their behavior.”

As mentioned above, this isn’t the first time FaZe Clan, known as the “bad boys” of Esports, has been in trouble with crypto schemes. According to Engadget, Kay and clan co-founder FaZe Banks were paid to promote another coin, BankSocial, back in May. They wound up selling before exiting the partnership, raising eyebrows while Banks did not reveal any financial connection in a series of now-deleted tweets.

Banks also famously got in trouble for trashing a Las Vegas hotel room he was staying in, racking up $30K in damages. FaZe Clan and Encore told TMZ at the time it would be working together to resolve the issue.

This is an entirely different situation because the Feds would be watching.

We are interested to see how this story pans out.

Photo: Luke Walker / Getty



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Lil Durk & India Royale Put On A United Front Amid Breakup Rumors – Halla Back Free Promotion

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Much of the time, when a rapper is faced with internet theories regarding their personal life, they typically let the chatter roll on until it fades into internet oblivion. For Lil Durk, however, when people begin speculating about his girlfriend India Royale or the foundation of their relationship, he is quick to jump online to make sure the world knows that they are solid.

Durk and India have long been Hip Hop Couple Goals as they boost one another, support each other’s efforts, and boast about their love. Recently, the pair were even reportedly involved in a shootout when intruders attempted a home invasion on their residence.

Paras Griffin / Stringer / Getty Images

On Thursday (October 21), rumors began to circulate after fans noticed that Lil Durk’s Instagram profile was bare. It gave all the signs of being deleted and soon, people were patrolling India’s Instagram page, as well. When the public couldn’t find images of Durk, rumors quickly spread that there was trouble in paradise.

However, as soon as the gossip was lit, Durk returned to put out the flames. His Instagram was restored and he even updated it with a photo showing him and India kissing. “Y’all know damn well this sh*t 4eva,” he wrote. India shared the same image and the couple also jumped on Instagram Live to laugh at the rumors.

Check it all out below.

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The Source |Keke Palmer Set to Release a Fictional Essay Collection ‘Southern Belle Insults’

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Keke Palmer is officially adding author to her list of accomplishments. The multitalented 28-year-old has been booked and busy literally as she has teamed up with Amazon Original stories to release a series of  5 new short stories, the series, entitled ‘Southern Belle Insults’ written by Palmer with support from New York Times bestselling author Jasmine Guillory. The five stories Keri on The Loose, Sohpie Dreams Big, Chelsea’s Werk Week, From The Desk of Lady Miss, and My Dear Friend Janet to be released on November 9th digitally on Amazon Prime and Kindle with the audio version of the collection voiced by the actress in character as her alter ego  Lady Miss Jaqueline.  Prime members will be able to listen and read for free.  The series is based on her viral videos of the comedy skits of the characters on both Instagram and TikTok accounts.  “”I am excited to share more of her complex world with her existing fans and introduce her to new readers on this journey filled with humor, inspiration, and self-discovery! Translating these on-camera personas to paper was a true labor of love, and I’m grateful to Jasmine Guillory and the Amazon Original Stories team for believing in my vision. I am incredibly proud of this short-story collection and can’t wait to unleash Lady Miss while introducing Janet, Chelsea, Keri, and Sophie to the world.” States Palmer in an exclusive interview with Entertainment Weekly.

Click HERE  For more information on her books and to see all the artwork for the collection. You will not want to miss the magic….or the wigs” Palmer states in a recent Instagram post. And we will be there for every wig, voice and character change. Congratulations Keke!





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Fresh Off Benny The Butcher’s The Burden of Plugs Tour, Loopy Ferrell Drops “Too Loopy For TV” Project

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Loopy Ferrell, formerly known as Ferrari Ferrell, is back with a new project titled “Too Loopy For TV” that leans heavily into the Drill sound. The 15-track offering includes his takes/versions of Drake’s “Lemon Pepper Freestyle,” TLC’s “Creep,” and Styles P’s “I Get High,” as well as a bunch of original songs. Even though this release is definitive Trap music, the variety of flavors will surprise listeners. Features on the album include Asian Doll, PNV Jay, and Senzo.

I used a lot of harder drill beats on this one with that up north style. I picked the name of the project because of my lifestyle. It’s loopy, it’s crazy, it’s just too much going on to televise. This is just a warm up for me until I drop In the Loop We Trust, Vol. 1 next month. I’m just having fun with it right now.


Loopy Ferrell





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