FaZe Banks has singled out YouTube for the alleged loss of $100,000 to an unnamed creator, who was reportedly under the Defy Media umbrella.
Parent company to massive YouTube comedy channel SMOSH, Defy Media, closed its doors without warning on November 6 - leaving a number of its YouTubers without financial security.
Content creator FaZe Banks has since taken issue with YouTube, itself, citing a major financial loss to one of his friends due to the debacle.
A good friend of mine basically got $100,000 stolen from him too. There’s gotta be some sort of class action lawsuit somewhere in this mess. I’m guessing a couple million dollars in revenue was straight up stolen. It’s fucked.— FaZe Banks (@Banks) November 12, 2018
According to Banks, a good friend of his lost $100,000 in revenue because of Defy’s shutdown - and Banks feels that there could be a ‘class action lawsuit’ in order.
“A good friend of mine basically got $100,000 stolen from him, too,” Banks said in reply to YouTuber Shane Dawson, who has also been outspoken about Defy’s closure. “...There’s gotta be some sort of class action lawsuit somewhere in this mess.”
Yea and they're a family channel too, long videos.. You already know that by itself is creeping up to the millions mark. It's actually really fucked. I feel like YouTube should be held accountable to some extent. This kinda shit fucks up lives.— FaZe Banks (@Banks) November 12, 2018
Banks then went on to describe his friend’s channel as a ‘family channel,’ claiming that he could have even lost ‘millions.’
“...I feel like YouTube should be held accountable to some extent,” he continued. “This kinda shit fucks up lives.”
While Banks feels that YouTube should be responsible for some part of the scandal, the platform has since come out in apparent support of the affected creators, in what they call a ‘process’ to help them ‘regain their independence.’
Since Defy’s shutdown, the company has been slammed with a number of allegations, including ‘taking advantage’ of its YouTubers, withholding funds, and more.