DNP3, a popular streamer and founder of several NFT projects, has admitted to using investor funds to support his gambling addiction at the Stake crypto casino.
In a statement, DNP3 said that over the past year he became addicted to gambling and put “every dollar he could find” into the casino, eventually losing all of his life savings.
He also admitted to using investor funds in an attempt to recover his losses, which he called “wrong for so many reasons.”
DNP3 apologized for his actions and said that he is working with a support group to address his addiction.
The impact of DNP3’s actions on the NFT projects he was involved in and the investors in those projects is currently unknown.