FaZe Banks says, 'I wish I could say I'll be back… don't know if I will' as he exits FaZe Clan following $MLG controversy
The CEO and co-founder of FaZe Clan, Richard Bengtson, popularly known as FaZe Banks, has announced his departure from the organization. He declared to step away from the role after the heated controversy and emotional turmoil surrounding the $MLG meme coin showed no signs of ending.
In his released emotional statement, he expressed uncertainty about his future, stating he doesn't know if he will come back. The entire backlash, as per reports, has taken a severe toll on his professional and personal life.
FaZe
Banks
says farewell to FaZe
Clan
In the raw social media statement issued by Bengtson, Banks poured out his entire frustration. While he denied any involvement in a crypto scam allegations, saying,
'I've never scammed anyone a day in my fucking life,'
he ensured to directly address the core allegations that are swirling around him. Banks even went ahead to blame the entire controversy on the association of his with the FaZe brand, claiming that his name got
'easily farmed and manipulated.'
The entire backlash surrounding the crypto controversy has been so overwhelming for Banks that he made the decision to step away from FaZe Clan and the internet entirely. Banks has admitted that the controversy is
'destroying my life inside and out,'
leaving the fans wondering if Banks' exit would be permanent. His final words,
'The real ones know,'
even hinted at his entire frustration over getting misunderstood, while his concluding line,
'I wish I could say I'll be back, but I really don't know if I will,'
concluded with uncertainty.
What is the $MLG Meme Coin controversy all about?
The entire drama traces back to early 2025, when Banks, along with some other FaZe members, promoted $MLG Meme Coin. The value of the coin initially skyrocketed. But the value later crashed. It led to many accusations like
'rug pull,'
where the insiders allegedly tried to cash out early and left the investors with a lot of worthless assets. Many even blamed Banks for misleading the fans.
Things started to escalate after the leaked group chat message, which showed that Banks was blaming Adin Ross, a streamer, for the failure of the coin.
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It was claimed by Banks that Ross's actions hurt the project.
Though Ross, who confirmed the authenticity of the screenshot, made sure to deny all blame and didn't take responsibility. He called the situation
'sad asf.'
The public feud, though, intensified scrutiny. It ultimately pushed Bengtson to walk away.
What is next for Richard Bengtson and FaZe Clan?
With the sudden exit of Bengtson, the organization FaZe Clan is left without proper leadership. While FaZe Clan stands silent for now, fans are speculating about the organization's future direction. Meanwhile, the indefinite break of Banks, continues to raise questions like, will he return back to content creation or this is it?
As of now, the entire controversy is still unfolding. The fans and the critics, both await to see the truth behind $MLG fallout or if it would come out. While there is uncertainty all around, the one thing that remains certain is that this drama is far from over.
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