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FaZe Banks Accused of MLG Token Pump-and-Dump Scheme in Leaked Chats

FaZe Banks Accused of MLG Token Pump-and-Dump Scheme in Leaked Chats

Published:
2025-07-31 13:31:01
15
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BTCCSquare news:

Leaked text messages have exposed Ricky "FaZe Banks" Bengston's alleged attempts to manipulate the MLG token market. The influencer, who holds 0.6% of the token supply, pressured developers for preferential OTC deals while publicly claiming the project was a passion endeavor.

The communications reveal FaZe Banks demanded discounted token purchases behind closed doors, threatening to withdraw support if his conditions weren't met. This contradicts his public stance of organic involvement with the MLG ecosystem.

MLG token has plummeted 93% from its all-time high amid the controversy, raising questions about influencer accountability in crypto markets. The leaked correspondence shows calculated efforts to accumulate at least 1% of supply without affecting market prices.

|Square

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