Banks steps down as CEO of FaZe amid drama with Adin Ross over crypto scam: Here's what happened

FaZe Banks stepped down as FaZe CEO after crypto scam claims tied to Adin Ross, denying wrongdoing and calling the narrative unfair and damaging.

Published on: Jul 29, 2025, 02:55:58 IST

By Shamik Banerjee

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Faze Banks, the esports content creator, announced on Friday that he is stepping down as the CEO of his organization, FaZe. In a statement posted on his social media handle, the popular streamer said that he is stepping down amid allegations of a scam from Crypto and streamer Adin Ross.

"I've never scammed anyone a day in my f------ life," Banks wrote in the statement. "The entire narrative is unfair, and part of the reason it exists is cause my 'FaZe' name is so easily framed and manipulated."

The fact that this is affecting the guys at all, is whack," the 33-year-old continued. "So for the time being I’m gunna be stepping away from not only FaZe, but all this internet shit. It’s destroying my life inside and out.

"Sucks my entire life gets ruined over something I didn’t even do. The real ones know. I wish I could say I’ll be back, but I really don’t know if I will."

This story is being updated.

ABOUT THE AUTHOR
Shamik Banerjee
Shamik is a journalist covering the United States for Hindustan Times. He has more than four years of experience reporting on US politics, sports, and major breaking stories across fast-moving cycles. He previously worked at Times Now and Sportskeeda, building strong newsroom instincts and digital storytelling skills. At HT.com, he focuses on day-to-day coverage of US political developments while also handling high-impact stories that demand speed, accuracy, clarity, and context under pressure. Shamik has extensive experience covering NFL game days over the past two years, coordinating live updates, analysis, and explainers. He is particularly drawn to large news moments such as US elections and the Super Bowl, where he thrives at the news desk working alongside the team. He holds degrees in Media Studies from Jamia Millia Islamia and English Literature from Jadavpur University. Before entering journalism, he briefly worked in digital marketing and political consultancy roles. Currently a Senior Content Producer at HT Digital, he is driven by curiosity, discipline, and a constant desire to explore new and obscure topics. Outside work, he enjoys reading, films, sports, and learning continuously.Read More

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