Projects under the management of the DNP3 founder including The Goobers and CluCoin were significantly affected following the announcement.
Twitch platform streamer DNP3, father of several projects cryptocurrency like The Goobers NFT, metaverse Gridcraft Network and the charity CluCoin, confessed to having spent all of their users' money "falling in" into gambling.
I'm sorry.January 3, 2023
In notification, DNP3 confessed to being "extremely addicted to gambling":
“Every penny I earn, I put it in the casino crypto Stake raised the ambition to win big. Even after eating large, I still feel inadequate. In the end, I was empty-handed. In addition to my life savings, I also freely use investor money.”
“I am completely devastated both financially and mentally,” DNP3 added, adding that it was calling for another team to fix the problem.
It is still unclear how much money this person has spent, but The Block Damage estimates can run into the millions of dollars.
The price of CluCoin has plummeted by 63% following the announcement, while the market capitalization of The Goobers project has dropped by 9%. According to the OpenSea, The Goobers has a trading volume of 968 ETH, equivalent to about 1.1 million USD.
#PeckShieldAlert CluCoin $CLU has dropped -62.5% after DNP3, the founder of Gridcraft Network and the charity-focused cryptocurrency, admitted to gambling away user funds.https://t.co/1QmuywFjmA pic.twitter.com/oxcpB2zDouJanuary 4, 2023
On Twitter, DNP3 is also a big influence, with more than 630,000 followers. His Twitch channel also has a large fan base of over 251,000 followers. Concluding the announcement, the streamer apologized:
“I apologize for betraying your trust.
I apologize for not living up to my righteous values.
I'm sorry to let you all down.
The above news seems to be rare, but it also somewhat recalls many "bad crying and laughing" incidents in the past. Typically, the launchpad NFT Onepad once had to close the platform, because of the above reasons.
1/ So @onepad_io a launchpad in the Harmony ecosystem raised $1m back in NovemberMarch 24, 2022
Shankkar (OnePad Team) proceeds to gamble with all the funds by leverage trading. He eventually lost the majority of it within a short period of time
This was shared in the VC Telegram Chat: pic.twitter.com/A1hJ19Apc9
Or another "self-harm" at the end of August, the game metaverse role-playing Ragnarok used 20 million USD to raise funds for trading and then lost a lot.