YouTuber and streamer Frazier “Kay” Khattri is involved in a major controversy surrounding the cryptocurrency “Save the Kids.” In a new video, he explains: Anyone who has fallen for the scam should be compensated – by him personally.
This is the situation:
- Four members of the famous FaZe Clan promoted the cryptocurrency “Save the Kids.” This “Charity Coin” is supposed to automatically donate a part of the transaction fees to a charitable cause.
- The influencers have been accused of “pump and dump” fraud – allegedly promoting the cryptocurrency so that many people would invest, only to then sell their huge shares for large profits.
- Now Kay speaks up again in a video and explains: He also incurred losses, but he wants to personally refund everyone who lost money with “Save the Kids.”
Who is the YouTuber? Kay, formerly known as FaZe Kay, is a famous YouTube personality. The streamer and influencer worked as a content creator for the FaZe Clan.
There, he made all kinds of videos, often featuring his Tesla. However, there are also videos of viral trends, such as eating a gold-covered burger for $10,000. His videos regularly receive well over a million views.
Recently, he was involved in the controversy regarding the cryptocurrency “Save the Kids” and was fired from FaZe.
“I lost $37,000 with Save the Kids”
This is what Kay says: According to his own statements, Kay did not make any profits with “Save the Kids” as others claim, but even incurred losses. He shows a screenshot of his relevant wallets in a new video.
Wallets are called digital “wallets,” in which primarily cryptocurrencies are usually held and exchanged. Kay says that he still has wallets in which he holds “Save the Kids.”
“I explained this in my old video, but I’ll break it down again here: I lost $37,000 with Save the Kids. […] People claim I sold for pure profit and then abandoned the project. That’s not true. […] I still have a wallet with all the Save the Kids in it – if I was really in it for profit, why didn’t I sell?”
In the video, he publishes the address of a wallet that supposedly belongs to this friend. This wallet indeed shows transactions of over a million dollars. According to Kay, this is proof of the friend’s guilt.
Kay wants to refund everything
This is now his plan: In the video, Kay promises that he wants to refund all victims their lost money. Anyone who has lost money should contact him with the address of the corresponding crypto wallet.
If this wallet incurred losses with “Save the Kids” between June and July 2021, he wants to transfer the lost amount back to this wallet out of his own pocket.
Is this legitimate? In the comments on YouTube, many users are unsure whether Kay is really as innocent as he claims.
However, he often insists that his community is more important to him than anything else and that he has no reason to deceive them.
At the beginning, Kay writes himself that he is filming and publishing the video against legal advice. How the matter turns out remains to be seen.
Kay says he supported the project by paying staff and still ensures that the coin somehow holds. He is fully committed to it.
How did it even come to this? In an earlier video, Kay already asserted that he had fallen for a supposed friend. This friend had led him to become the face of the new coin.
Kay himself had no idea about cryptocurrencies, but the friend did, which is why he trusted him. This turned out to be a mistake, as according to Kay, the friend’s only goal was to become a millionaire.
In the video, he publishes the address of a wallet that supposedly belongs to this friend. This wallet indeed shows transactions of over a million dollars. According to Kay, this is proof of the friend’s guilt.
Kay wants to refund everything
This is now his plan: In the video, Kay promises that he wants to refund all victims their lost money. Anyone who has lost money should contact him with the address of the corresponding crypto wallet.
If this wallet incurred losses with “Save the Kids” between June and July 2021, he wants to transfer the lost amount back to this wallet out of his own pocket.
Is this legitimate? In the comments on YouTube, many users are unsure whether Kay is really as innocent as he claims.
However, he often insists that his community is more important to him than anything else and that he has no reason to deceive them.
At the beginning, Kay writes himself that he is filming and publishing the video against legal advice. How the matter turns out remains to be seen.
