Overview

• Ricky Banks announced he is stepping down as FaZe Clan CEO and withdrawing from all internet activities.
• His resignation follows a leaked group chat in which he accused streamer Adin Ross of serving as exit liquidity during the January surge and collapse of the $MLG meme coin.
• Adin Ross confirmed the authenticity of the leaked message but denied any role in the token’s crash.
• Banks had planned a joint live stream with Ross to address the controversy before deciding to step away.
• FaZe Clan has not issued an official response to Banks’s departure or the allegations surrounding the meme coin.