FinanceDamage: 6/10confirmedsave-the-kidspump-and-dumpfaze-clantoken-dumping

FaZe Jarvis

FaZe Clan Gaming Creator and Save the Kids Promoter

Faris Khat, known as FaZe Jarvis, is a gaming content creator and member of FaZe Clan who built a following primarily through Fortnite content. He was previously banned from competitive Fortnite by Epic Games for using aimbots in public matches, a controversy he acknowledged and for which he apologized. In 2021, he became involved in the Save the Kids token promotion alongside other FaZe Clan members.

The Save the Kids token was presented to the public as a charitable cryptocurrency initiative — a project that would use a portion of proceeds to benefit children's causes. Multiple FaZe Clan members, including Jarvis, promoted the token to their audiences. On-chain analysis published by Coffeezilla showed that insiders, including the promoting influencers, sold their token holdings shortly after launch while retail buyers were still purchasing based on the promotional campaign. The anti-dump mechanisms that had been marketed as protecting buyers appeared to have been modified before launch. Jarvis's role in the token's promotion and the timing of any selling he engaged in were documented in that investigation.

FaZe Clan suspended Jarvis following the controversy — a less severe consequence than the outright removal that fellow member FaZe Kay received. Jarvis subsequently apologized publicly and acknowledged that his involvement had been a mistake. He remained a member of FaZe Clan following the suspension period.

Jarvis was among the younger and less prominent members of FaZe Clan at the time of the incident. Some observers noted this context when evaluating his culpability, suggesting he may have followed the lead of more prominent figures rather than initiated the promotion independently. His followers who purchased the token based on his recommendation and experienced losses were not differentiated by those circumstances.

Incidents

Save the Kids Token Involvement
confirmed
2021-07-01

FaZe Jarvis promoted the Save the Kids token to his followers. On-chain analysis by Coffeezilla revealed that Jarvis and other FaZe members sold their tokens shortly after launch while the price was elevated by retail buying.

Suspended from FaZe Clan
confirmed
2021-07-01

FaZe Clan suspended Jarvis following the Save the Kids scandal, though the suspension was less severe than FaZe Kay's outright removal.

Additional Token Promotions
confirmed
2021-08-01

Jarvis promoted other cryptocurrency tokens during 2021, some of which also lost significant value after the promotional period.

Patterns

Insider Token Dumping

Sold tokens at elevated prices while his audience was still buying based on his promotion, a classic pump and dump pattern.

  • On-chain data showed tokens sold shortly after launch
  • Selling occurred during peak promotional period
  • Timing of sales coincided with maximum retail buying
Following Group Promotional Campaigns

Participated in coordinated multi-influencer token promotions without apparent independent evaluation of the projects.

  • Joined the Save the Kids promotion alongside multiple FaZe members
  • Promoted tokens as part of influencer cohorts
  • Limited evidence of independent due diligence before promotion
Targeting Gaming Audience for Financial Products

Leveraged a gaming audience to promote financial products, reaching followers who engaged with him for entertainment and had limited financial experience.

  • Gaming audience skewed young and financially inexperienced
  • Crypto promotions embedded within gaming content
  • Financial products presented with entertainment framing

Coverage

Is FaZe Jarvis a Makey or a Takey?