New screenshots, leaked by Sahil Aurora, a figure who has faced past allegations of orchestrating crypto fraud schemes, are intensifying an ongoing dispute between FaZe Banks, a prominent YouTube creator, and streamer Adin Ross. The conflict centers on the alleged rug pull of the MLG cryptocurrency project, which was promoted to Ross’s fanbase.
The dispute originated earlier this year when Richard Bengtson, known as FaZe Banks, collaborated with Ross on a crypto livestream. While initial claims circulated on social media suggesting the stream aimed to assist Ross in building his crypto portfolio with support from Banks and his associates, the “LA Vape Cabal,” it quickly became a launchpad for promoting MLG. This coin is now widely accused by investors of being a rug pull, a malicious scheme where project developers abandon a cryptocurrency and liquidate its liquidity, leaving investors with worthless tokens.
Ross’s fans were encouraged to invest in MLG. Shortly after its promotion, the coin’s price sharply dropped from an estimated peak market capitalization of over $200 million. Users on X, allege that Banks’s group exploited the generated hype as “exit liquidity,” selling their own substantial holdings while public investors bought in. Ross later acknowledged that many individuals suffered financial losses but did not publicly assign blame to Banks at that time.
The situation escalated this week when Sahil Aurora, 33, who has been widely accused of involvement in past memecoin pump-and-dump schemes, leaked a screenshot. The image appears to depict Ross discussing plans for a new token launch. This leak coincided with online posts claiming Banks had blamed Ross for MLG’s failure, rather than accepting responsibility for what critics describe as a rug pull.
One of the leaked messages, allegedly sent by Ross, reads: “My plan is launch $ADIN, give u big supply upfront and you tweet the contract out… could make u way higher than 200k.”
The alleged chat outlines plans to launch a coin under Ross’s name, with the recipient retaining 60% of the supply. It further suggests rapid profits, with earnings of $500,000 expected “same hour.” Ross has not publicly confirmed the authenticity of this message.
It doesn’t end there. Adding to the controversy, recent user posts on X indicate Banks has introduced new FaZe members, Stable Ronaldo and Lacy, to promote a trading platform reportedly tied to him. These commentators express concerns that this pattern could replicate previous controversies, where influencers promote projects with undisclosed risks or unclear fundamentals.
As of today, neither Banks nor Ross has issued a new public statement regarding these latest developments. The broader crypto community continues to monitor the situation, as concerns intensify regarding the lack of clear regulations for celebrity-backed crypto promotions and the potential for investor harm.
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