Streamer and Crypto Guru Gambles Away Investor Funds

[PX-Z]

DNP3 confessed to having gambled away all investors’ funds, the result of debilitating gambling addiction which forced him into desperation. DNP3 said that his addiction began unexpectedly, and it quickly took a hold of him.

DNP3 confessed to having spent all money he could find on a popular crypto gambling brand, chasing elusive big wins. “Even when the big wins did happen it wasn’t enough,” the streamer said. He admitted to having lost everything – including not only the investors’ funds but also his own savings.

I knew this guy because i followed him on twitter on his philanthropist activities on the platform also on twitch, that was a year ago, i guess. And was surprised after reading this news.
The act of using the investors funds without their consent is illegal in any way, worst if you gamble it all.

Well, when gambling addiction hits you, no matter how rich or poor you are, this will be a possible illness to every gambler. That's why gambling moderately.

I just read this news which has posted few days ago but never saw this topic on gambling related boards from 1-5 pages. Let me know if there's an existing discussion related to this so i can lock this instead.

Source: Gamblingnews.com

[Yatsan]

Excuses, I guess. In the first place, that's not his money he is gambling for which is wrong in any aspect. Desperation will never be a valid reason why you did such thing espwcially if it is concerning other's possessions. Given that he's a stremer and a crypto guru as he calls himself, he should be aware of the possible outcomes of what he did. Maybe he was too confident of his capabilities as a gambler but was not ready for it when unconsciously he used all of his assets first and started to use investors assets with hopes of turning or flipping the table in favor of his likeness but we all know that gambling does not work that way. This industry is full of uncertainties which should make it  needless to say why each gambler should be aware of what he is engaging himself with.

[joeperry]

That's why you shouldn't trust anyone the funds especially when you are into investing, some individuals are getting greedy once they have the money and forget what those is all about. I was just curious what kind of investment they do to him? That was really a risky move even though the streamer has a lot of followers you wouldn't know what will happen.

I hope this would serve a lesson to many people. What happened to the streamer now? I am sure that the investors are in rage on what happened to their money. I was assuming that he is in jail now especially he admitted on what happened to him.

[piebeyb]

actually what needs to be learned in playing gambling is how to control yourself and not about winning, that's why many gambling addicts dare to do anything to continue gambling using money from investor assets or their own assets, obviously this is the wrong way because it seems he feels confident that he could turn things around and the money he had lost but instead he spent it all

[hyudien]

Addiction doesn't side with anyone, whether you are rich or not, when you have the intention to pursue victory in gambling, it will definitely make you regret it. It should be noted that self-control in gambling is only for those who are able to control their ambition not to chase victory. However, it cannot be denied that the pursuit of victory in gambling always comes unnoticed and applies to anyone.

Regarding the use of funds, investors hoping to get a double win instead fall on the verge of a big loss. I think his addiction was quite severe because he had the courage to use the funds of investors who put their hope and trust in him. In the future, I am sure that DNP3 will not gain the trust of anyone to manage finances.

[swogerino]

Beside the main moral of the story that gambling can hit you hard no matter who you are or no matter that you can claim that have full control over it,I think it is also very very important for these "investors" to stop throwing money away by investing in a company or business run by someone who is very well known for being a gambler and having gambling habits.I am sorry for these people because they have learned the hard way but this happens when you entrust your money to some gambler,for me anyone who is a gambler should not be entitled with other people money because it is very tempting and sooner or later will happen,it is like that saying "put the livers in the wolf neck and ask him not to bite them",which means it is impossible for such thing to happen.

[Pierre 2]

Addictions are terribly effecting our decisions so we decide in the worst ways possible and manage to do bad. In this topic with streamer is retold story for centuries. No one should believe and trust unregulated person or company with their funds. In best scenario your funds could just be trashed through bad investment choices as well. People who work with money should definitely discipline themselves to stop their gambling habit. Results can be terrible in long run for both of you and your family, and same story can hit news.

[danherbias07]

I don't understand how someone could do that.
If it's stuck in your brain that it's not your money then you would not dare to use it on anything. Even for emergency purposes. If that person wants to use it in that case then he should first get permission from the investors. What more when it comes to his addiction?
I believe this guy badly needs some help because that ain't normal anymore, in my point of view.
We know where this will go, no one will trust him anymore even his family and he would have a hard time earning the trust back.

[acroman08]

he is lucky that most of the people in his community are somewhat sympathetic to him and is being considerate of their comments on his Twitter (at least according to the article) but I'm pretty sure someone will take him to court for what he did despite him regretting what happened.

[Aanuoluwatofunmi]

The act of using the investors funds without their consent is illegal in any way, worst if you gamble it all.

We need to forget about personalities and familiarization and face the reality that human will always be humanbeings bound to make mistake, misbehave and display funny acts and this kinds makes it more discouraging to using any centralized institutionizations in securing our finances, this may not applies to him alone but who knows maybe that's what others have been doing with people's fund, they gambles with it and when they lost they claim it's an attack, which is common with the centralized exchanges, gambling is good but not when we use other people's investments with us in doing so.

[klidex]

DNP3 confessed to having gambled away all investors’ funds, the result of debilitating gambling addiction which forced him into desperation. DNP3 said that his addiction began unexpectedly, and it quickly took a hold of him.

DNP3 confessed to having spent all money he could find on a popular crypto gambling brand, chasing elusive big wins. “Even when the big wins did happen it wasn’t enough,” the streamer said. He admitted to having lost everything – including not only the investors’ funds but also his own savings.

I knew this guy because i followed him on twitter on his philanthropist activities on the platform also on twitch, that was a year ago, i guess. And was surprised after reading this news.
The act of using the investors funds without their consent is illegal in any way, worst if you gamble it all.

Well, when gambling addiction hits you, no matter how rich or poor you are, this will be a possible illness to every gambler. That's why gambling moderately.

I just read this news which has posted few days ago but never saw this topic on gambling related boards from 1-5 pages. Let me know if there's an existing discussion related to this so i can lock this instead.

Source: Gamblingnews.com

Indeed, DNP3 had to admit his mistake because the action he had committed was a big mistake and had a very fatal risk that could harm an investor on a large scale.
If he becomes addicted to gambling, which he does for a long time, so that he uses investors' money to bet and loses, then he will get into big trouble and can even be punished.
He should have thought long beforehand of everything he was going to do, moreover it could harm many people not only himself.

[rdbase]

he is lucky that most of the people in his community are somewhat sympathetic to him and is being considerate of their comments on his Twitter (at least according to the article) but I'm pretty sure someone will take him to court for what he did despite him regretting what happened.

This does have a ripple effect of with what happened to one of the largest centralize exchanges and what they did with their user's funds in gambling it all away.
Which to me is criminal.
But from what I've heard and seen of what transpired in the past week, many have forgave him and he has admitted to self excluding from that casino inwhich he gambled all his money away also has seeked help for his addiction.

[coin-investor]

We are all susceptible to gambling

DNP3 admitted that he had developed his fatal taste for gambling through a “sponsored stream” that unleashed “an addiction [he] never knew [he] had.”

this could happen to all of us, we really don't know how we can take it, and our level of tolerance until we are into it, and for anyone who got a taste of sponsorship gambling it becomes a temptation to take a crack on a big win that will not likely to happen in a platform that is based on luck.
I wonder how high the percentage of gambling streamers that are addicted to gambling is because sponsorship gambling is an evil that weakens our defense to control addiction to gambling.

[Maus0728]

Here is the original tweet that I think was deleted.
- https://www.twitlonger.com/show/n_1ss7f8q

What the fuck is this guy trying to say? For all the inconveniences he brought to other people, he merely said "sorry." That's just it? No responsibility of any kind? He deserves to be in JAIL 

If in any case someone has their spare time to report this junk, this might be helpful.
- https://twitter.com/StefanGreybeard/status/1610448317900619777?t=C31Zh8ZjpYOT9l2u65w_iw&s=19

[madnessteat]

^

I don't think he'll just apologize and the investors will sue him. In my opinion, gambling with other people's money is the most reckless act and it doesn't matter what the reason is - gambling addiction, intoxication or something else. I believe that a person who has lost investor money should either pay it back or be punished by law. I hope he will answer for his actions before the law and will think before disposing of other people's money.

[Plaguedeath]

What make me amazed is why the hell Twitch doesn't ban his account considering Twitch already has a rule to not allow their streamer to gambling especially slots or luck based game! if Twitch has banned his account, I think this kind problem might not be happen since the other streaming sites traffic are really poor compared to Twitch. So he wouldn't keep gamble until he chase the huge multipliers.

[Genemind]

actually what needs to be learned in playing gambling is how to control yourself and not about winning, that's why many gambling addicts dare to do anything to continue gambling using money from investor assets or their own assets, obviously this is the wrong way because it seems he feels confident that he could turn things around and the money he had lost but instead he spent it all

Just like any addiction, it's hard to stop when you get hooked on anything. Sometimes you make different excuses for yourself to continue what you are doing even though you know it's not good for you or you are going overboard. Self-control is easier said than done, it takes a lot of effort to get away from addiction. Most of the time we are not self-aware that we are starting to get addicted to something till it's too late. I've known a lot of people who haven't gambled till their late age and get addicted to it. Simply saying, gambling was intended to be a source of entertainment however, people find it as a way to earn easy money and end up ruining their life.

[Crypt0Gore]

No one can manage your fund like yourself, the moment you turn your back and sleep peacefully at night they will carry out disgusting plans with your funds, your funds are Safuu only with yourself.

Gambling can be very addictive even if all you know is losses, I have seen people losing everything they had to gambling and they still find it difficult to quit, the sentimental that they can make it through gambling is very poisoning.

[bittraffic]

I'm not aware of him though. I would assume he is related to CluCoin project which investors' funds were gambled away. In that case, the investors might take legal action for this matter.

Yep. it's based enough to get addicted but it's usually the case when you chase loss, you can never win enough to cover, and then more loss comes. And it's worse when you are put in prison for spending someone else money.

[Accardo]

I think the fellow fabricated this stories to cover for his carelessness on people's money. It's not possible that he spent all investors money on gambling, he must have used some for personal purposes. It's unfair how they're no trusts available in this space and how people rush to blame gambling for their failure to secure investors' money. He needs to payback affected people, sorry won't add a thing to their account or recover the lost money. He must have gotten addicted to gambling, but that doesn't help in explaining things to responsible people. It's nobody's business if he lost his own money at the course of his selfish interest to gain more profits out of people's money. My advise for investors is to forget about Influencers and work with genuine businesses that has lasted the test of time. A major part of Influencers online not only on twitch has derailed investors into believing that cryptocurrency is filled with untrustworthy people.