Twitch Streamer And NFT Founder DNP3 Used Investor Funds to Gamble
After Tuesday’s announcement by the well-known streamer with the pseudonym DNP3, all his projects have seen a price drop.
Twitch streamer DNP3 is the founder of several cryptocurrency projects, including: The Goobers NFT, metaverse platform Gridcraft Network and charity-based cryptocurrency CluCoin. On Tuesday, he admitted to using his investors’ funds to gamble.
The statement, headlined “I am sorry” was posted on Twitter on Tuesday evening, and in a short message, he wrote that he had become “incredibly addicted to gambling.”
“Over the last year, I have become incredibly addicted to gambling. Every dollar I could find I put into bets in the hope of winning big. Even when the big wins came, it wasn’t enough. Eventually, I lost it all. In addition to my own life savings, I also irresponsibly used investor funds to try to “get my money back” from the casino, which was wrong for many reasons.” he wrote in a letter of apology.
“I am now completely broke financially and mentally. My sense of confidence in myself is compromised,” he added and further said that he was working with a support group to begin “a path to recovery.”
It is not precisely clear how much money he has lost. Following the announcement, CluCoin’s price plunged 63%, while The Goobers project’s market capitalization dropped 9%. According to OpenSea, The Goobers project made 968 ETH in total sales, roughly $1.1 million.
This news is reminiscent of similar crypto projects, including NFT startup Onepad, which ceased operations shortly after its founders gambled away their lenders’ funds.
Source: www.coindesk.com
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Jakub Odvářka
Twitch streamer DNP3 is the founder of several cryptocurrency projects, including: The Goobers NFT, metaverse platform Gridcraft Network and charity-based cryptocurrency CluCoin. On Tuesday, he admitted to using his investors’ funds to gamble.
The statement, headlined “I am sorry” was posted on Twitter on Tuesday evening, and in a short message, he wrote that he had become “incredibly addicted to gambling.”
“Over the last year, I have become incredibly addicted to gambling. Every dollar I could find I put into bets in the hope of winning big. Even when the big wins came, it wasn’t enough. Eventually, I lost it all. In addition to my own life savings, I also irresponsibly used investor funds to try to “get my money back” from the casino, which was wrong for many reasons.” he wrote in a letter of apology.
“I am now completely broke financially and mentally. My sense of confidence in myself is compromised,” he added and further said that he was working with a support group to begin “a path to recovery.”
It is not precisely clear how much money he has lost. Following the announcement, CluCoin’s price plunged 63%, while The Goobers project’s market capitalization dropped 9%. According to OpenSea, The Goobers project made 968 ETH in total sales, roughly $1.1 million.
This news is reminiscent of similar crypto projects, including NFT startup Onepad, which ceased operations shortly after its founders gambled away their lenders’ funds.
Source: www.coindesk.com
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