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NFT Founder Triggers Outrage After Admitting To Gambling Away User Funds: 'Not Another I'm Sorry'

Published 04/01/2023, 05:01
Updated 04/01/2023, 06:10
© Reuters. NFT Founder Triggers Outrage After Admitting To Gambling Away User Funds: 'Not Another I'm Sorry'
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Benzinga - Twitch streamer DNP3, founder of a number of crypto projects, has admitted to misappropriating investor funds on Tuesday and gambling them away.

What Happened: These projects include The Goobers NFT, metaverse platform Gridcraft Network and charity-focused cryptocurrency CluCoin (CRYPTO:CLU).

In a statement posted to Twitter, DNP3 admitted to struggling with gambling addiction. "Every dollar I could find I would put into Stake (crypto casinos) in hopes of winning big, but even when the big wins did happen it wasn’t enough. Eventually, I lost everything. In addition to my own life savings, I also irresponsibly used investor funds to try and 'get my money back' from the casino which was wrong for so many reasons.”

"I am now completely broken both financially and spiritually. My sense of trust in myself is compromised," he added. To begin on the path to recovery, he is seeking help from a support group and hopes to be able to restore his life and finances.

See More: Best Crypto Day Trading Strategies

Crypto enthusiast Jess stated "Not another 'I'm sorry'" - a sentiment echoed by many users as the FTX founder Sam Bankman-Fried embarked on a series of apologies, after FTX collapsed.

Another user lashed out in frustration saying "we really couldn't make it one full week my god."

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