Discover more from 1NE’s Newsletter
Frazier Kay reveals how much Save the Kids NFT scandal cost him
British YouTuber Fraser Kay spoke about his involvement in the Save the Children cryptocurrency scam that resulted in several people losing money. FaZe Kay, along with his brother Jarvis 'Jarvis' Khattri and two other (now former) FaZe Clan members, have been accused of pumping and dumping a cryptocurrency known as Save The Kids, a cryptocurrency known as Save The Kids. . Fraser ``FaZe Kay'' Khattri finally ended FaZe Kay's silence following allegations of cryptocurrency fraud and subsequent removal from FaZe Clan FaZe Clan. After a week of silence, FaZe Kay finally responded to Save The Kids' allegations of cryptocurrency fraud, stating that she is innocent and also lost money on Save The Kids.
In FaZe's video reply, Kay said there was a "liar" behind it all, and he was as victim of the scam as anyone else. British YouTube blogger Fraser Kay has been accused of throwing away all their tokens at launch, lowering the price and leaving the followers they bought with almost nothing Kicked out to save the child. British YouTuber Fraser Kay said he wanted to give people money back from his pockets (those who lost money can send their wallet addresses to [email protected]) and lost $37,000 himself. At the time, Kay also promised to give back to anyone who lost money on Save the Kids, also revealing that she personally lost $37,000 and that no FaZe Clan members profited from it.
In June, the company reportedly began generating code for its second NFT collection based on CryptoPunks, a groundbreaking project that was one of the first NFT collections in existence. You may be interested in NFTs because they give you the opportunity to sell work for which there would not otherwise be a large market. NFTs can function like any other speculative asset when you buy it and hope its value will rise someday, so you can sell it for a profit. The NFT has a feature you can turn on that will pay you a percentage each time an NFT is sold or changes hands, ensuring that if your work becomes super popular and increases in price, you will see some of these perks.
You can copy the digital file as many times as you like, including the graphics included with NFT. However, cryptocurrencies have been stolen before, so it will really depend on how the NFT is stored and how hard the potential victim is willing to put in the effort to get their stuff back.
Some influencers are promoting alternative currencies, leading to allegations of fraud. Influencers who once posed in coin ads have now deleted all of their Twitter posts about saving kids cryptocurrencies, though Insider couldn't confirm when the creators started removing the content. Now, esports group FaZe Clan has suspended several members of the cryptocurrency coin, with some online accusing the coin of being a scam.
Five days later, the official account of esports organization FaZe Clan tweeted that Kay would be kicked out of the esports organization, while three other Save the Kids cryptocurrency promoters Jarvis Khattri, Nikan Nadim and Teeqo would be suspended. In July 2021, Kay was released from FaZe Clan and her brother Jarvis was suspended along with Tiko and Nikan for their involvement in Save the Kids. Kay, Tiko, Jarvis Khattri and Nikan Nadeem did not respond to requests for comment.
While it looks like he will never be able to return, Kay said he hopes to return one day. In the latest Dexerto Originals, Kay makes it clear how much she's worth. Dexerto was able to confirm that at least $250,000 remained in Case's account, although he was unable to verify the recipient.