Leaked messages indicate FaZe Banks pressured the MLG team for preferential treatment, raising concerns about ethical conduct in influencer promotions.
Leaked messages reveal that FaZe Banks pressured the MLG team into providing him with preferential treatment for purchasing tokens, requesting large amounts over the counter at a discounted price. He threatened to stop promoting the token if his demands were not met. This behavior aligns with a pump-and-dump scheme, as he previously claimed the MLG project was a passion project without compensation. The controversy emerged after his promotion of the MLG memecoin caused its market cap to surge to over $150 million before collapsing to just $10 million, costing users up to $150 million.