Streamer and Crypto Guru Gambles Away Investor Funds

[Wiwo]

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

This have become popular lately and that is why one should not follow the advice of all these social media influencers and take them as experts to the extent of trusting them with their money. Influencers and anyone can get addicted and lose money at any point so for now the guy has been grounded and hope this will keep him away from gambling for a while at least to overcome the force of addiction before resuming back and to those who invested in the guy or lend money to him at whatever point they will have to wait until he can pay back, but for now, the investors have to move on since the ops admitted and file for bankruptcy.

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[bitbollo]

this is the main reason I don't follow and I don't trust any of these "guru" because I cannot verify what is behind their operations.
In my country there are several telegram channel that are advertising their operations by claiming to win multiples over x100.
Well this can happens of sure, but if some one is really able to win with that rate/that amount constantly/even 1 times per month, I am pretty sure he has not interest to find "followers online"

the real point in such topic should be addiction. addiction is a serious issue for gambling and should take in consideration by all industry operators!

[Cling18]

this is the main reason I don't follow and I don't trust any of these "guru" because I cannot verify what is behind their operations.
In my country there are several telegram channel that are advertising their operations by claiming to win multiples over x100.
Well this can happens of sure, but if some one is really able to win with that rate/that amount constantly/even 1 times per month, I am pretty sure he has not interest to find "followers online"

the real point in such topic should be addiction. addiction is a serious issue for gambling and should take in consideration by all industry operators!

It's hard to trust self-proclaimed gurus nowadays because most of their words are not really reliable. Having lots of followers couldn't prove that they are reputable and trusted. Anyway, the guru who has used the investor's funds has fallen seriously for gambling addiction and I think he needs to seek professional help already. Using huge funds that aren't yours in gambling is an indication that you already need to see professional help and pay for what you did at the same time. It simply means that you couldn't control your urge to gamble anymore.

[Ulven]

How could this man gamble with other people's money? Actually this person is not in good shape I think he needs professional help. I personally consider him a criminal, but I wonder does the compulsive gambler really deserve forgiveness from Amnesty International?

[Mauser]

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.

That is really sad news having another gambling scandal of such a big streamer. Hopefully this will not lead to negative consequences for the average gambler. It's true that gambling addiction can hit anybody and we need to be careful to not get trapped into a downwards spiral. Gambling responsible and moderately seems to be the key if we not want become addicted. As streamer this might not always be possible, you want to go for the high risk high reward bets to create content. Nobody is going to watch a moderate gambler who only places very small bets and doesn't make a big profit. I would expect that there is a lot of pressure in the streaming community to deliver some exclusive content. So maybe streamers are more at risk to become addicted, but they are also professionals that should have a close eye on their gambling habits.

[rahmad2nd]

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.

Right, the fact is that addiction can happen to anyone, no matter how poor or rich someone is. not only to gambling addiction, even to any addiction. it all depends again on each individual self and how we react to it, especially in the theme of our discussion is addiction to gambling.

No exception to what happened to DNP3, he knew, that he was trapped in his high desires and excessive habits. however, I cannot judge whether the statement he said smelled of a conspiracy to escape responsibility for misappropriation of Investors' funds or whether he was truly a gambling addict. but certainly, at least he must be held accountable for his actions.

When it comes to gambling addiction, in fact we have discussed this theme time and time again. but the fact is, addiction can never be separated from our lives, regardless of its kind, be it from a positive or negative side. in fact, I could say I am a gambling addict myself. after all, I always gamble whether it's football betting or casino games. however, because I have my own understanding of what gambling is, I can control it and play reasonably within the limits that I can afford without sacrificing my family, friends, savings, let alone harming other people.

[blockman]

I don't know him but that sucks for the investors that have trusted him with their money. Addiction really is a more serious matter and even how good you are with other things but when this hits you, those noble deeds that you've done will be neglected.
When someone is already seeing the sign of being addicted to gambling, one must act to not touch any money that isn't yours. Well, if it's your savings that you're gambling with, you'll be more aware that you must be careful with it or else your life savings will end up empty and the reality will hit you hard for you.

[dothebeats]

He doesn't deserve to hold any funds after this. He clearly has no self-control at all and is easily tempted by the amount of money that he has on his disposal. Clearly he has some problems, and he admitted that he indeed won big amounts, but those weren't enough to satiate his hunger in gambling. Even if he changed for the better, I think that he should be kept away from money that is not his and just make do with what he has. It's good that he realized that he's into deep, but not until it's too late. For sure he will be sued by the investors that entrusted money to him although he can easily evade jail time if he promised to pay back whatever he lost in his gambling spree.

This is why it's hard to trust in crypto projects maintained by a select few people. The money will always tempt them to do bad things for their own benefit and this is a clear example of just that.

[alegotardo]

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

Unbelievable!!!

I've been reading more about this news, and this affection launched the famous NFT Goobers on the Ethereum blockchain.... A project launched in 2021 that raised 968 ETH, approximately $ 1.2 million.

There are still no details on what was lost, but in addition to the NFT Goobers it was also part of other projects such as the CLU token, Xenia Coin and the “Play and Earn” metaverse platform Gridcraft and many people are considering that the funds from these projects may also be involved in the losses.

So far, the most "optimistic" number is that $4 million in user funds was lost by DNP3 in gambling.

[pixie85]

I don't watch streamers which is why I haven't seen this guy before. I've checked his stream right now and first thing I heard him say was that he was launching an NFT and trying to get people to buy this shit. When I see someone push a worthless NFT down his viewers' throats it's an instant red flag. If this guy had any credibility it was all gone at that moment.

It's another unfortunate situation where greedy people destroy everything they were building by being themselves - greedy scammers. The guy had a successful streaming business with some nice income, a group of dedicated followers, money saved up, and he lost it all by being a greedy asshole. I hope he doesn't recover from it. The crypto industry doesn't need more scammers.

[panganib999]

I'm lost, is he the head of a mini-investment firm he set up for his fans and stuff? I wanna know coz it doesn't make sense for him to be able to gain access to these unless he actively created something like that. Then again that's besides the point of the post. From the sound of it, he seemed like a pretty nice bloke that got trapped in the deep spire of gambling addiction. I do hope he learns his lessons and is at least able to pay off his debts against the investors that trusted him. As a crypto guru he prolly has ways and strategies that he could employ to win the money back eventually, but not through gambling this time.

I don't watch streamers which is why I haven't seen this guy before. I've checked his stream right now and first thing I heard him say was that he was launching an NFT and trying to get people to buy this shit. When I see someone push a worthless NFT down his viewers' throats it's an instant red flag. If this guy had any credibility it was all gone at that moment.

It's another unfortunate situation where greedy people destroy everything they were building by being themselves - greedy scammers. The guy had a successful streaming business with some nice income, a group of dedicated followers, money saved up, and he lost it all by being a greedy asshole. I hope he doesn't recover from it. The crypto industry doesn't need more scammers.

Well that changes everything lmao. He's practically digging his own grave at this point. Literally at the height of a scandal that is still too far from resolved and he's already setting up a project, and an NFT project for that matter. I don't think that's the way to go if anything.

[lionheart78]

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.

The problem with problem gambling or compulsive gambling is that the addicted gambler cannot control himself anymore.  No matter how we say that it is wrong, an addicted gambler is out of rationality since all he wanted to do is gamble due to his addiction.  Even though he knows that he shouldn't touch the fund but his self control is already defeated by the urge to gamble reason why he embezzled the fund and use it for his gambling activity.

I am not agreeing with the person's action but rather understand why he did that kind of thing, I believe he needs to be treated of his addiction and after that he must pay the embezzled fund if he can't he can pay it for years in jail at least.

[South Park]

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

I do not know if those cases are getting more common or if simply people are more willing to reveal what they have been doing and this gives the impression of events like this one being more common, but whatever the case this is a disgrace for the people involved, after all if someone wants to spend all their money gambling, even if this is not healthy at all at least they can say it is their money and they can do whatever they want with it, but using the funds you have been entrusted with by other people for a completely different purpose is not only wrong but it is illegal as well and I hope he pays for what he did.

[coolcoinz]

Another one bites the dust. I don't get why there's so many scumbags in this space and all of them show their faces trying to make you feel like they're legit and honest but it doesn't take a lot to make them turn. Mashinsky from Celsius, Do Kwon, SBF... People should learn that there's no investing in personal endeavors in this space. When you're sending money to someone in hopes that you'll make money this way you're not investing, you're donating!
I don't believe that people will ever learn to be careful with cryptocurrencies, no matter how many scammers make money on their stupidity.

[PX-Z]

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.

Yes you will find this on his twitter handle^[1], those are the followers who followed him for many years coz he's not the guy who really something into gambling and become a gambling addict. Because what he only mostly do is stream games but the worst comes, and he should faced it.

He doesn't deserve to hold any funds after this. He clearly has no self-control at all and is easily tempted by the amount of money that he has on his disposal.

Yeah, after this incident, every potential investors will doubt his credibility now. This guy is not actually what he is, before the addiction. He give thousands of money like 5k to 10k to his followers/viewers, got his reputation, build a company, make money into it, them boom. Destroyed because of addiction.

[1] https://twitter.com/DNPthree

[passwordnow]

Another one bites the dust. I don't get why there's so many scumbags in this space and all of them show their faces trying to make you feel like they're legit and honest but it doesn't take a lot to make them turn. Mashinsky from Celsius, Do Kwon, SBF... People should learn that there's no investing in personal endeavors in this space. When you're sending money to someone in hopes that you'll make money this way you're not investing, you're donating!
I don't believe that people will ever learn to be careful with cryptocurrencies, no matter how many scammers make money on their stupidity.

It's because new investors are trusting more personalities than themselves. It's like an easy gateway for them to be invested through someone who thinks an expert on it.
But it just so happens that most of these "experts" aren't really experts and the actual experts can't be found in the dumb of social media and hiding from being a public figure.
The sad truth even though years have passed, there are still many investors that fall for the "invest and earn by doing nothing" tag.

[goinmerry]

That was an irresponsible act and clearly, that person falls into the trap of gambling.

Not reading the article but what's happened to compensate the investors?

Although there's a good part where that person really admits that he was shit before and since realized his wrongdoings, it means he able to rise from being trap into the gambling and now doing his best to not let it happened again.

[abel1337]

Day by day we are seeing a CEO or someone who has a reputation that holds funds of other people using it to gamble in a casino. They are being exposed and we might see news like this more often. This is a big controversy and this could affect the future of aspiring crowdfunding projects since there are history that many reputable people who are using people money to gamble whatever the reason may it be. This people is certainly addicted based on the description and he isn't contented with the achievements he has like hitting a big win. It is morally and legally wrong for him to do that, I will not be shocked if this gambler has or will receive his lawsuit.

[Vaskiy]

This has been turning into a trend. People keep on losing their own fund on someone's gamble. I don't understand why these people are using someone's fund for their pleasure. If not he could've already mentioned about the risk of people's fund. Few will be interested, and from the winning he should settle certain percentage to the investors. In that case investors would bear the loss. This is completely wrong and he should find solution to settle the lost funds.

[Yaunfitda]

Oh well, people are really tempted when they see huge amount of money flowing on their side. But not sure why gambling is the number one activity that this guys went.

Perhaps it was really the greed of this people to feel like they are unstoppable and can do what they wishes even if it cost the money of their investors and their reputation. I'm sure majority of us are gambler here, but we take priorities in life and this could be a lessons for others not to play with anyone's money. Just play the money that you can afford to lose.