The rise and fall of FaZe Clan is the ultimate lesson in "don't trade your soul for a SPAC."
The Timeline of the Crash
THE ORIGIN: From CoD trickshotting in the basement to the legendary influencer mansion vibes. The OGs built a culture no one could touch.
THE GREED
Chasing the $1 Billion SPAC dream. They traded controllers for corporate suits and "billion-dollar" spreadsheets.
THE SCAMS: Crypto rug pulls and memecoin casinos. They burned their own community to keep the house running.
THE REJECTION: DraftKings' Matt Kalish calls the setup "unsustainable."
THE EXODUS: The house finally folded on Christmas 2025.
The entire roster (including Adapt after 14 years!) dipped over shady contracts and 20% revenue-split demands.
FaZe tried to be an esports empire, a creator agency, and a gambling hub all at once. Now, the content division is dead, and the OGs are gone.
The house always wins, unless you burn it down yourself.