NFT founder used investor funds to fuel gambling addiction

Popular streamer and serial NFT project founder DNP3 has admitted to using investor funds to fuel his gambling addiction. 

In a statement issued on January 3, the social media star, who has over one million followers and subscribers across various platforms, revealed that he had become addicted to gambling and had pumped “every dollar he could find” into the Stake crypto casino, resulting in the loss of his life savings. 

DNP3 is particularly well-known for his highly-publicised acts of generosity, including handing out large sums of money to other streamers, as well as his involvement in a number of NFT projects, including CluCoin, the Gridcraft play-to-earn platform, and the Goobers NFT project.

I’m sorry.

Read: https://t.co/RKM1wYggnC

— DNP3 (@DNPthree) January 3, 2023

Statement of apology

In his statement, DNP3 apologised profusely for his actions, saying that “there aren’t words to describe the level of shame and guilt” and calling his confession “my attempt to break free.” He also stated that he is working with a help group to aid in his recovery. 

The extent of the damage done to the projects he was involved in and to those who have invested in them is still unknown. DNP3 has promised to create a separate tweet with information about the next steps for each of the projects.

DNP3 ended his statement with the following words:

“I am sorry that I betrayed your trust.

I am sorry that I did not live up to my values of integrity.

I am sorry that I let you all down.

I am sorry.”

The tone of the Twitter thread replies that followed his “Sorry” tweet were very mixed. Some expressed love and support, while many others were angry at what they saw as a betrayal of trust.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.