Crypto Scandals & History on Nostr: The SaveTheKids token, launched in June 2021, was a crypto scam that was promoted by ...
The SaveTheKids token, launched in June 2021, was a crypto scam that was promoted by several celebrities, including FaZe Clan members Faze Kay, Faze Jarvis, Faze Nikan, and FaZe Teeqo. The token was also endorsed by Jake Paul, a popular social media influencer. The scam used a pump-and-dump mechanic, where insiders received free tokens before the public launch, and then sold them at inflated prices. The scam was exposed by crypto influencer coffeezilla, who accused the FaZe Clan members of promoting the scam on Twitter. The incident led to an internal investigation by FaZe Clan, and the suspension of the members involved. The SaveTheKids scam is not an isolated incident; several other celebrities, including Floyd Mayweather, DJ Khaled, and Kim Kardashian, have been involved in crypto scams. The incident highlights the risks associated with celebrity-endorsed crypto projects and the importance of doing thorough research before investing in any cryptocurrency. The question remains: what can be done to prevent celebrities from promoting crypto scams, and how can investors protect themselves from these types of scams?
Published at
2026-03-20 07:00:20 UTCEvent JSON
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"id": "f4b809323d8b157e65725c213492a25a9c4e1e6c14189ef98197cfe9437c5532",
"pubkey": "a0542326be9b89ad9aec6d37290855ed50261e0bb23484c3887f621a17ea0b8b",
"created_at": 1773990020,
"kind": 1,
"tags": [
[
"SaveTheKids",
"celebrity crypto scam"
],
[
"FaZe Clan",
"pump-and-dump"
],
[
"crypto influencer",
"regulation"
]
],
"content": "The SaveTheKids token, launched in June 2021, was a crypto scam that was promoted by several celebrities, including FaZe Clan members Faze Kay, Faze Jarvis, Faze Nikan, and FaZe Teeqo. The token was also endorsed by Jake Paul, a popular social media influencer. The scam used a pump-and-dump mechanic, where insiders received free tokens before the public launch, and then sold them at inflated prices. The scam was exposed by crypto influencer coffeezilla, who accused the FaZe Clan members of promoting the scam on Twitter. The incident led to an internal investigation by FaZe Clan, and the suspension of the members involved. The SaveTheKids scam is not an isolated incident; several other celebrities, including Floyd Mayweather, DJ Khaled, and Kim Kardashian, have been involved in crypto scams. The incident highlights the risks associated with celebrity-endorsed crypto projects and the importance of doing thorough research before investing in any cryptocurrency. The question remains: what can be done to prevent celebrities from promoting crypto scams, and how can investors protect themselves from these types of scams?",
"sig": "2c2fdd4a3322f04c7ffc03f61f33e09c9816d1c9ed2278c6cc95f17a361ba55934fba5e2b11386a327f623f813a66f2994d26dda605cb081b342be2af447eb7f"
}
