← FaZe Banks (Ricky Bengtson) / MLG Coinreviewed 2026-10-16 · 16 claims checked
Fact-check findings
What an automated fact-checker found when it re-read FaZe Banks (Ricky Bengtson) / MLG Coin against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
disputed
1 claimThe reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.
- #13[disputed][awaiting moderator]in section: Prior Crypto Controversy: Save the Kids (2021)
“The token's price reached approximately half a cent before collapsing by 60%.”
reviewerIn June/July 2021, multiple FaZe Clan members promoted 'Save the Kids,' whose price reached approximately half a cent before collapsing by 60%.The page's own cited source directly contradicts the magnitude and direction described: half a cent was a point in the decline, not a peak, and the overall collapse was far larger than 60%.Proposed correction (not yet applied)The token's price started around $0.02 before collapsing by roughly 93%, falling below half a cent almost immediately and reaching about $0.00138 by early July 2021.
unverifiable
3 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #3[unverifiable][awaiting moderator]in the timeline
“MLG Coin (360noscope420blazeit) launches on the Solana blockchain, themed around nostalgic gaming culture.”
reviewerMLG Coin (360noscope420blazeit) launched on Solana specifically on April 20, 2024.The month (April 2024) is reasonably corroborated, but the specific day (April 20) in the timeline field could not be independently confirmed, and one low-quality source conflicts on the month entirely. - #12[unverifiable][awaiting moderator]in section: Regulatory and Legal Status
“Unconfirmed claims circulated on social media platform X (formerly Twitter) alleging that the SEC had opened an investigation into Bengtson regarding both MLG Coin and another token called $LIBRA; however, the SEC had not publicly confirmed any such inquiry, and these claims originate from Tier 3 social media sources.”
reviewerUnconfirmed claims circulated on X alleging the SEC had opened an investigation into Bengtson regarding both MLG Coin and a token called $LIBRA.Could not find any source, including low-tier ones, that actually ties Bengtson to $LIBRA in the way described; this may be a conflation of two unrelated token scandals. Not disprovable with certainty, hence unverifiable rather than disputed. - #15[unverifiable][awaiting moderator]in section: Investor Impact and Token Status
“Streamer N3on separately claimed personal losses of $15 million attributed to the collapse.”
reviewerStreamer N3on separately claimed personal losses of $15 million attributed to the MLG Coin collapse.Multiple targeted searches found no corroboration for this specific figure or its attribution to N3on and MLG Coin; this may conflate N3on's unrelated later token crash with the MLG scandal.
stale
2 claimsThe claim was accurate when written but events since have overtaken it.
- #5[stale][awaiting moderator]in section: The Alleged Pump-and-Dump Scheme
“The coin subsequently crashed by more than 99%, reaching a market capitalization of approximately $1.1 million by 2026.”
reviewerThe coin crashed by more than 99%, reaching a market capitalization of approximately $1.1 million by 2026.The cited on-chain trackers now show a current market cap roughly half of the $1.1 million figure stated on the page; the token has continued to decline since the figure was recorded.Proposed correction (not yet applied)The coin subsequently crashed by more than 99%, reaching a market capitalization of approximately $580,000–590,000 as of October 2026. - #6[stale][awaiting moderator]in section: Investor Impact and Token Status
“with the token's market capitalization declining from approximately $177–200 million to roughly $1.1 million”
reviewerBy 2026 the token's market capitalization had declined from approximately $177-200 million to roughly $1.1 million.Same underlying stale figure as in the pump-and-dump section; the token's own cited trackers now show a materially lower current value.Proposed correction (not yet applied)with the token's market capitalization declining from approximately $177–200 million to roughly $580,000–590,000 by October 2026
partially supported
3 claimsThe cited evidence supports part of the claim but not all of it.
- #8[partially supported][awaiting moderator]in section: The Alleged Pump-and-Dump Scheme
“Critics noted that personal losses do not rule out prior undisclosed sales via separate wallets.”
reviewerCritics noted that Bengtson's claimed personal losses do not rule out prior undisclosed sales via separate wallets.The page's hedge (hidden wallets) is plausible but under-states a more concrete, reported inconsistency: Bengtson's own loss narrative describes selling his remaining position. - #10[partially supported][awaiting moderator]in section: Resignation from FaZe Clan
“FaZe Clan, which had previously gone public at a valuation approaching $1 billion, was described in a February 2026 analysis by esports legal journalists as having experienced a significant institutional collapse in the period following the scandal.”
reviewerA February 2026 analysis described FaZe Clan's institutional collapse as occurring in the period following the MLG Coin scandal.The cited source exists and is credible on its facts, but the page's framing implies the institutional collapse followed the 2025 scandal, when the source it cites shows the corporate/stock collapse substantially predates the scandal by over a year. - #16[partially supported][awaiting moderator]in section: Disputed Claims and Counter-Narrative
“Other FaZe Clan members, including Nordan 'Rain' Shat, publicly challenged Bengtson's account.”
reviewerOther FaZe Clan members, including Nordan 'Rain' Shat, publicly challenged Bengtson's account.The underlying fact appears accurate based on an independent source, but none of the three sources specifically cited for this section were confirmed (within the scope of this review) to carry the Rain detail, so sourcing to the page's own citations is uncertain.
confirmed
7 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: Background: FaZe Banks and FaZe Clan
“FaZe Clan, founded in 2010 by three gamers (ClipZ, House Cat, and Resistance), grew into one of the most prominent esports and gaming entertainment brands globally, going public on NASDAQ in July 2022 following a merger with B. Riley Principal 150 Merger Corp.”
reviewerFaZe Clan was founded in 2010 by three gamers (ClipZ, House Cat, and Resistance) and went public on NASDAQ in July 2022 via merger with B. Riley Principal 150 Merger Corp.Founders, founding year, and NASDAQ listing via the named SPAC are independently corroborated. - #2[confirmed][no action needed]in section: Background: FaZe Banks and FaZe Clan
“Richard 'Ricky' Bengtson, known online as FaZe Banks, was born on October 18, 1991, in Lawrence, Massachusetts. He launched his YouTube channel in 2011 under the name BanksHasBank and joined FaZe Clan in 2013, eventually rising to serve as its CEO.”
reviewerRichard Bengtson (FaZe Banks) was born October 18, 1991 in Lawrence, Massachusetts, launched a YouTube channel in 2011, and joined FaZe Clan in 2013.October 18, 1991 and Lawrence, Massachusetts recur across several independent sources; the primary cited source could not be fetched directly but the fact pattern is convergent. - #4[confirmed][no action needed]in section: The Alleged Pump-and-Dump Scheme
“The token's market capitalization surged approximately 5,200% over six days, rising from roughly $3 million to a peak of approximately $177–200 million by early February 2025.”
reviewerMLG Coin's market cap surged approximately 5,200% over six days, from roughly $3 million to a peak of approximately $177-200 million.Figure independently corroborated by two Decrypt articles and on-chain tracker data. - #7[confirmed][no action needed]in section: The Alleged Pump-and-Dump Scheme
“Leaked screenshots of a private group chat, which surfaced in late July 2025 and whose authenticity was confirmed by Adin Ross, showed Bengtson accusing Ross of being 'the only bad actor' and of using the coin's community as 'exit liquidity.'”
reviewerLeaked screenshots of a private group chat surfaced in late July 2025, whose authenticity was confirmed by Adin Ross, showing Bengtson blaming Ross.Directly corroborated by two independently fetched articles. - #9[confirmed][no action needed]in section: Resignation from FaZe Clan
“In public statements he said the situation was 'destroying my life inside and out' and described the allegations as 'simply me being farmed.' He additionally alleged that a '$50,000 smear campaign' had been organized against him.”
reviewerBengtson resigned as CEO on July 28-29, 2025, citing the personal toll, and described the backlash as 'destroying my life inside and out,' alleging a '$50,000 smear campaign.'Quotes and the resignation date range (sources split between July 28 and 29) are corroborated; the page's 'July 28–29' hedge matches the source disagreement. - #11[confirmed][no action needed]in section: Regulatory and Legal Status
“As of mid-2026, no confirmed formal charges, enforcement actions, or indictments have been filed against Bengtson by the SEC, DOJ, CFTC, or any other regulator in connection with MLG Coin.”
reviewerAs of mid-2026, no confirmed formal charges, enforcement actions, or indictments have been filed against Bengtson by the SEC, DOJ, CFTC, or any other regulator.No search turned up any regulator press release, filing, or credible report of charges against Bengtson; negative claim is consistent with available evidence. - #14[confirmed][no action needed]in section: Prior Crypto Controversy: Save the Kids (2021)
“FaZe Clan removed FaZe Kay and suspended the other three members.”
reviewerFaZe Clan removed FaZe Kay and suspended FaZe Jarvis, Nikan, and Teeqo over Save the Kids.Matches independent reporting; the page's omission of Teeqo's later reinstatement is not an error since the page only describes the initial action.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.