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FaZe Banks (Ricky Bengtson) / MLG Coin

avoid.net/faze-banks-ricky-bengtson-mlg-coin→1/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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anchored·4NxUte…KKht

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

1 entities · 10 linked investigations
Tokens
♦FaZe Banks (Ricky Bengtson) / MLG Coin
Relationships
    Also appears in
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    Have evidence about FaZe Banks (Ricky Bengtson) / MLG Coin?

    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 Gamer

    20 April 2024

    MLG Coin (360noscope420blazeit) launches on the Solana blockchain, themed around nostalgic gaming culture.

    99Bitcoins

    6 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.

    Decrypt

    4 February 2025

    MLG Coin reaches its all-time high price of approximately $0.183, representing a market capitalization of approximately $177–200 million.

    CoinLore

    March 2025

    MLG Coin crashes more than 90% from its peak. Retail investors begin publicly accusing promoters of a rug pull.

    CryptoNews

    28 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.

    Dexerto

    29 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.

    Complex

    20 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 News
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain19 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 19 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 7/31/2026, 12:13:47 PM

    last updated: 8/26/2026, 7:07:25 PM

    5 views

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