DNP3, who streams on Twitch, has come clean about his gambling addiction, admitting to the misuse of investor finances.
In Brief
DNP3 has created crypto projects Enterprises like Goobers NFT, Gridcraft Network, and CluCoin are also part of DNP3's entrepreneurial portfolio.
The streamer disclosed that he utilized funds from investors to support his gambling habits.
DNP3 has established several cryptocurrency initiatives, including: Goobers NFT within a metaverse-friendly platform, Gridcraft Network , charity-focused CluCoin , and play-to-earn game Xenia . Yesterday, DNP3 issued an apology to indulge his gambling urges fueled by investor funds.
DNP3's gambling journey began innocently, as he expressed on social media that his troubles began with a sponsored stream that triggered a hidden addiction. Following some personal losses, he resorted to betting with investor money.
He lamented, \"In the past year, I became deeply addicted to gambling. Every dollar within my grasp went into Stake, lured by dreams of striking it rich. Even when I had some wins, it was never enough. Ultimately, I lost everything — my life savings and, irresponsibly, investor money in a desperate bid to recover my losses from the casino, which was misguided on so many levels.\"
DNP3 wrote.
DNP3 indicated that he intends to seek help from a recovery group to begin the healing process. As of now, it's unclear how significantly the businesses he leads have suffered or the extent of financial losses incurred. Since the news broke, CluCoin’s value has taken a nosedive by 73.87%, while the floor price of Goobers has decreased by 20.5%.
Xenia has publicly stated that DNP3 will resign from his position as CEO and from leadership roles at CluCoin and additional projects. Though they remain optimistic about overcoming this period of turmoil, it is evident that the incident has adversely impacted their operations. The timeline for project launches and land sales is now stretched and re-evaluated.
While occasional gambling can offer fun moments, gambling addiction poses a grave concern, particularly for individuals battling other dependencies or issues with self-discipline. The sheer volume and accessibility of online gambling platforms can create challenges in halting this cycle, especially when the opportunity to play is just a click away. Research indicates that roughly 1% of American players are affected by this issue. serious problems with casino games .
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