Twitch Streamer and NFT Founder DNP3 Admits to Gambling Away Investor Funds

By Sharan Kaur Phillora

Twitch streamer and crypto advisor DNP3 recently shared a Twitlonger detailing his crippling addiction to gambling and how he used up his life savings and funds from investors to try to even out his losses from gambling.

Here’s what we know:

“Over the last year, I got incredibly addicted to gambling,” he wrote. “Every dollar I could find, I would put into Stake in hopes of winning big. 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.”

He added on Twitter that it “started with a sponsored stream and unleashed an addiction I never knew I had.”

DNP3 is the founder of several crypto projects, including The Goobers NFT, metaverse platform Gridcraft Network and charity-focused cryptocurrency CluCoin. Many of DNP3’s supporters have made it clear that his addiction to gambling was not an excuse to commit fraud. One user asked him to step down from crypto projects because he stole from supporters:

Gambling has been a contentious topic in the Twitch community over the last few months. The ban on certain gambling practices, which went into effect back in October, was directly responsible for Trainwreckstv’s emerging as an alternative streaming platform in recent weeks.

The initial pushback by certain streamers and people in the streaming community was also due to a similar revelation by a streamer, ItsSliker, who committed fraud by using money from viewers and friends to fuel his gambling addiction.

About the author

Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.

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