FaZe Banks (Ricky Bengtson) / MLG Coin
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 1 → 26. Problems weighed by who is responsible: the subject's own conduct −58, concerns that are not fraud −6, problems around the subject, caused by others −4.1; legitimacy credit long-running +8; no established finding that it defrauded anyone, so it stays out of the red band; fact-check adjustments (−13) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -58 |
| Concerns that are not fraud | -6 |
| Problems around it, caused by others | -4.1 |
| Long-running | +8 |
| Sum | 5 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
Richard 'FaZe Banks' Bengtson is a social media influencer and co-founder of esports organization FaZe Clan who served as its CEO until July 2025, when he resigned following widespread accusations of orchestrating a pump-and-dump scheme involving the MLG Coin (ticker: 360noscope420blazeit), a Solana-based meme token that reached a peak market capitalization of approximately $177–200 million before collapsing by over 99%. Bengtson denies all wrongdoing and claims he never sold his holdings, while placing blame on fellow streamer Adin Ross; no formal criminal charges or confirmed regulatory enforcement actions had been filed as of mid-2026.
Connected Entities
4 entities · 60 linked investigations- FaZe Banks (Ricky Bengtson) / MLG Coin→mentioned with→Save the Kids Token(80%)
- Meteora→mentioned with→Solana(80%)
- FaZe Banks (Ricky Bengtson) / MLG Coin→mentioned with→Meteora(60%)
- FaZe Banks (Ricky Bengtson) / MLG Coin→mentioned with→Solana(80%)
Connected Through
4 shared actors · 338 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Meteoraorganization
- ♦Save the Kids Tokentokenalso in
- ♦FaZe Banks (Ricky Bengtson) / MLG Cointokenalso in
Timeline(8 events)
June 2021
FaZe Clan members FaZe Kay, Jarvis, Nikan, and Teeqo promote Save the Kids token, which subsequently collapses. FaZe Clan removes FaZe Kay and suspends the others. Bengtson denies personal involvement but had separately promoted BANKSOCIAL.io.
PC Gamer20 April 2024
MLG Coin (360noscope420blazeit) launches on the Solana blockchain, themed around nostalgic gaming culture.
99Bitcoins6 January 2025
MLG Coin social media engagement peaks. FaZe Banks and Adin Ross promote the token aggressively. The token surges approximately 5,200% over six days from a $3 million market cap.
Decrypt4 February 2025
MLG Coin reaches its all-time high price of approximately $0.183, representing a market capitalization of approximately $177–200 million.
CoinLoreMarch 2025
MLG Coin crashes more than 90% from its peak. Retail investors begin publicly accusing promoters of a rug pull.
CryptoNews28 July 2025
Screenshots from a private group chat allegedly showing Bengtson blaming Adin Ross as 'the only bad actor' surface publicly. Bengtson announces he is stepping down from FaZe Clan.
Dexerto29 July 2025
Bengtson formally resigns as CEO of FaZe Clan and announces an indefinite withdrawal from social media. Adin Ross confirms the leaked screenshot is authentic but denies orchestrating a rug pull.
Complex20 February 2026
Esports legal journalists publish analysis describing the collapse of FaZe Clan as an institutional entity in the aftermath of the MLG Coin scandal.
Esports Legal NewsDecision Log
- slot 457779552 · hash AEDCSchhQa1aATregUS5RmM33bXUrw1ie2x3SPrva8KF
- slot 455358267 · hash A1b7RpwG2oedMdrz2enbECLWC1s9VvnN6pXK48CtgtAv
- slot 443521911 · hash DKBSgh8QciiL4TKVkFx5CdRe1ZMKHVEukq9BfA9aAtz7
- slot 443521908 · hash 2afeX7ZdSmv6NcVXfigLnG1iV7H2zTJ1HCyHfKeJoH6W
- slot 443503067 · hash 1NDLms8or7uKNmwNjksoJaFd866s6M4fpxVf95HXi9t
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 19 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/31/2026, 12:13:47 PM
last updated: 10/10/2026, 6:40:06 PM
5 viewsavoid.net — verified advice for a post-truth world