Richard “FaZe Banks” Bengtson, or simply FaZe Banks, took to X on July 29, 2025, to announce that he is stepping down from being FaZe’s CEO. In addition to that, he is also stepping away from the internet. For those who are not caught up in the drama between Banks, Adin Ross, and Crypto. All you need to know is that Banks is caught up in allegations of a crypto scam and is blaming Ross when the meme coin tanked.
FaZe Banks’ X post reads:
“I’ve never scammed anyone a day in my fucking life. The entire narrative is unfair and part of the reason it exists is cause my “FaZe” name is so easily farmed and manipulated. The fact this is affecting the guys at all, is whack.”
He decided to step down from being CEO and to move away from the internet indefinitely. He states that the whole situation has been affecting his physical and mental health. Banks wrote:
“So for the time being I’m gunna be stepping away from not only FaZe, but all this internet shit. It’s destroying my life inside and out. Sucks my entire life gets ruined over something I didn’t even do. The real ones know. I wish I could say I’ll be back, but I really don’t know if I will.”
What did FaZe Banks say after Adin Ross confirmed that “Banks screenshot”?
The drama began when a screenshot of FaZe Banks‘ message in the “MLG Official Main Chat” was shared. The message reads:
“Adin Ross f**ked this up, this community dumped on him buying. Used him as exit liquidity. His ego got hurt, blamed Frank. Him and Frank got into it privately, Adin despises Frank and spins and drives a narative about Frank selling Somehow this falls on me and threads fo farm the whole situation spin it into me selling and dumping coins.”
The message continues:
“When I ran the thing up from f**king $3m to $200m organically, top blasted multiple times, invested a f**k ton of money and NEVER EVER SOLD The only bad actor in this entire thing is Adin. Point blank. Period.”
Adin Ross also took to social media to confirm that the message is indeed from the real Banks. He said:
“The banks screenshot is real. Shit sad asf, if you guys think that mig being rugged was me im 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”
On July 28, 2025, right before midnight. FaZe Banks took to X to say:
“On the phone with Adin right now, we’re doing a stream together tonight to address ALL OF THIS. This whole thing has been wildly miscommunicated and destroyed my mental the last several months. I’ve wanted to more publicly talk about this situation for a while. Sucks any of this f**ked with me and Adins relationship. See you guys tonight.”
This was the last tweet Banks posted before announcing his step down from being FaZe’s CEO.
After Banks was caught in the middle of a crypto controversy, which led to a strained friendship with Adin Ross, he announced he is stepping down as FaZe CEO and stepping away from the internet. He has stated that he is unsure if he will ever return.
Edited by Benidamika Jones Latam
