Twitch streamer and NFT founder DNP3 admits to gambling with user funds

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Categories: Cryptocurrency NFT

Twitchstreamer and NFT founder DNP3 admits to gambling with user funds

PopularTwitch streamer and founder of several crypto projects, DNP3, known for hisfree PC and console giveaways, stated that he lost everything to a severegambling addiction, making him gamble user funds.

DNP3"loses everything" due to a gambling addiction

In a tweet, Goobers-NFTdeveloper DNP3 stated that he is currently in complete collapse, bothmonetarily and spiritually. "I no longer have faith in myself", hecontinued, adding that he was meeting with a support group to start on the"road to recovery." He hopes to rebuild his life and finances.

DNP3acknowledged his gambling addiction, stating that he used to play Stake, acrypto casino, with every dollar he could find in the hopes of hitting it big.Still, even when he had a stroke of luck, the winnings were insufficient.

TheGoobers NFT, the Gridcraft Network metaverse, and charity-focused crypto CluCoin were all foundedby Twitch streamer DNP3. He is the developer of numerous other crypto projects.All associated projects faced negative sentiments after DNP3's unexpectedannouncement. CluCoin's value dropped by 65%.

Twitchstreamers and gambling addictions

In 2022,there was a conspicuous controversy in the Twitch community related toonline gambling. Leading streamers like xQc and Trainwrecks made it commonto deposit considerable sums of money at online casinos like Stake to hit themulti-million dollar jackpot on virtual slots.

In search ofa "big win," streamers might wager hundreds of dollars for everyclick for hours. However, this kind of gambling can only be sustained by largeenough audiences for your material to continue generating expendable income.Even when trainwrecks would win a multi-million dollar jackpot, he stilladmitted that he was still losing money.

Nevertheless,Twitch saw the danger of permitting this content on their platform andoutlawed streams that featured online gambling at unlicensed casinos.

Damageyet to be quantified

Theinformation brought to mind other cryptocurrency initiatives, such as NFTlaunchpad Onepad, which had to be shut down because of the founder'sgambling debts.

However, itis believed that DNP3 could have used millions of dollars in his gamblingactivities. It is still being determined how much money DNP3 used to gamble.

 

 

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