Streamer and Crypto Guru Gambles Away Investor Funds

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

Quote from: gamblingnews.com

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 issue is the main reason why Twitch started to ban gambling streams on their platform. I'm not sure if this is the exact case or just similar before but there was a gambling streamer before that asked funds for his viewer and gamble it lives stream. This kind of activity is illegal even with the full consent of the viewers. This is another form of scam because he is using influence to ask for money for his gambling needs.

Baofeng

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I agree, when someone is really addicted to gambling, it's really hard to stop it. As he admitted even if he won that big, it's not enough for him to stop. Maybe it was really into his head and emotion that he can't stop it even he knows that he is gambling the investors money and including his own funds as well.

And mostly the case, the gamblers will only admit it after he lost everything.

So this is a brutal reality, I'm not saying that it could be because of the covid that most people feel into depression and then thinks that gambling is a good outlet and a way out, but it is not.

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Quote from: jostorres on January 12, 2023, 05:38:34 AM

Quote from: coolcoinz on January 11, 2023, 03:57:59 PM

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.

There will always be scammers in this space because like you said, there are people who are seem to be hard-headed. Then are newbies but they can possibly prevent it if they will take the time to do a research. It is still possible to invest in our own, so why not do this instead of trusting someone else out there?

There are scammers exist because there are still many people believe on crazy things they do and as long as many will believe that they can be rich quickly by doing nothing also believe that someone could make them rich then all of this will continue. And for the case of that streamer maybe he's been badly addicted because he's already in the level where he already use the money he didn't own and that will be so bad to him together with those people who trust him. This remind us all that never trust our money to anyone no matter how famous they are.

PX-Z

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Quote from: Yaunfitda on January 11, 2023, 08:15:40 PM

But not sure why gambling is the number one activity that this guys went.

He usually stream different games never saw him do gambling before. But on his apology letter he told that it begins on one sponsored stream on the gambling platform.

Quote from: acroman08 on January 12, 2023, 05:35:54 AM

looks like he does have a pretty good community and he must have been a good guy for people to actually feel that way about him after what he did, and it is good that he is looking for help to treat his gambling addiction.

Yes, because that he really is before he got this scandal. But no matter what the community tells he should take the consequences of the action he did. There's no mentioned amount of how much did he get from the investors but that should be millions he need to refund to his investors or its jail time.

jostorres

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Quote from: coolcoinz on January 11, 2023, 03:57:59 PM

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.

As the saying goes : > "money is the root of all evil" however I don't know maybe there are some out there who are truly sincere by the time they start but got distracted eventually and do something inappropriate. You know it's also hard to be good at all times but having a faith in Christ may help us out to stay on the correct path.

There will always be scammers in this space because like you said, there are people who are seem to be hard-headed. Then are newbies but they can possibly prevent it if they will take the time to do a research. It is still possible to invest in our own, so why not do this instead of trusting someone else out there?

acroman08

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Quote from: rdbase on January 11, 2023, 08:10:17 AM

Quote from: acroman08 on January 11, 2023, 06:51:46 AM

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.

looks like he does have a pretty good community and he must have been a good guy for people to actually feel that way about him after what he did, and it is good that he is looking for help to treat his gambling addiction. I am still certain though that there are people who are mad at him and would most likely bring him to court, and to be honest he really does need to be brought to court.

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Quote from: xSkylarx on January 11, 2023, 11:40:00 PM

Addiction is a disease, depending on how we interpret it. This should be cured by going to the professionals. If you are one of his investors, for sure you'll be angry since he gambles it all even though he loses all of his savings, but how can he come back to pay those investors? and he is still addicted if he hasn't sought any professional support. Addiction to gambling can really make you lose your mind, and your acts are uncontrollable. I am hoping that he can recover from it and also be able to repay his investors.

The developer is too greedy, he already earn money by creating few projects since there's an investors who buy his coins, but he's not trust about the process and trying to double his money. With this losses he will easily abandon his old projects and start to create new projects in order to get money, the worst thing he might create malicious code to hack someone wallet or create ponzi scheme project.

It's really serious since his addiction will ruining his life and also newbie who invest in his projects.

Wexnident

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Unfortunate. Seems really dumb in my eyes but that's just how addiction actually eats someone. Nonetheless, since there were victims of his addiction and not only his funds, he has to pay the price for it which I reckon would take quite some time to pay back since not only his funds, but also his reputation as a streamer was hit. Not sure though whether there are other sources of income for him, but at the very least in that aspect, his career can be called over, or at least, for the time being anyway.

The article didn't indicate anything about paying back though, wished they could've elaborated on that after stating who were the victims.

xSkylarx

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Addiction is a disease, depending on how we interpret it. This should be cured by going to the professionals. If you are one of his investors, for sure you'll be angry since he gambles it all even though he loses all of his savings, but how can he come back to pay those investors? and he is still addicted if he hasn't sought any professional support. Addiction to gambling can really make you lose your mind, and your acts are uncontrollable. I am hoping that he can recover from it and also be able to repay his investors.

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Quote from: Don Pedro Dinero on January 11, 2023, 10:50:48 PM

Quote from: Darker45 on January 11, 2023, 09:01:00 PM

Gambling addiction is real. And it could hit anybody who is exposed to gambling, rich and poor alike.

Yes, but there is also a point of personal responsibility. We are not going to leave people who gamble, and lose, millions that are not theirs without responsibility because they have their share of responsibility. Besides, if gamblers were somehow considered as victims of an addiction they cannot control, it would give carte blanche for people to cheat en masse and they could excuse themselves in order to avoid criminal consequences.

Oh yeah, they shouldn't be allowed to run free just because they're victims of addiction. It isn't the way it is. If they stole the money because they can't resist that gambling urge due to addiction, it doesn't mean they're excused. They will have to face the legal consequences of their actions. However, they will receive professional treatment just the same.

That addicts are basically patients suffering from a neuropsychological disorder is not a legally valid excuse. It cannot protect them from the penalties of committing crimes.

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Quote from: Darker45 on January 11, 2023, 09:01:00 PM

Gambling addiction is real. And it could hit anybody who is exposed to gambling, rich and poor alike.

Quote from: NicNacCoin on January 11, 2023, 09:48:55 PM

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

Yes, but there is also a point of personal responsibility. We are not going to leave people who gamble, and lose, millions that are not theirs without responsibility because they have their share of responsibility. Besides, if gamblers were somehow considered as victims of an addiction they cannot control, it would give carte blanche for people to cheat en masse and they could excuse themselves in order to avoid criminal consequences.

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

Quote from: gamblingnews.com

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

Gambling is an addiction that once people get into it, they cannot get out of it. A gambling addict can never get his life in order. People who become addicted to gambling sometimes take loans and take bets. They are confident that they will win the bet and pay back their loan and take the rest of the money to gamble again. Gamblers never consider that gambling with borrowed money is a bad decision. That's exactly what happened with DNP3. They gambled with investment money confident that they would win the gamble and return the money to the investors. But they made a big loss there. And then they probably end up in jail.

Darker45

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Gambling addiction is real. And it could hit anybody who is exposed to gambling, rich and poor alike. FTX's Sam Bankman-Fried also gambled with customers' money. I have also read news of employees who have access to a company's finances that also gambled the company's money. I can even remember there was a company here in my country which has been operating for so long only to be brought down by a trusted employee because of gambling addiction.

Gamblers should start having self-discipline very early. Otherwise, it might really be hard to control and everything could be affected.

Yaunfitda

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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.

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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.

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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.

goinmerry

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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.

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Quote from: coolcoinz on January 11, 2023, 03:57:59 PM

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.

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Quote from: acroman08 on January 11, 2023, 06:51:46 AM

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.

Quote from: dothebeats on January 11, 2023, 01:09:04 PM

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

coolcoinz

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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.

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

Quote from: gamblingnews.com

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.

lionheart78

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Quote from: Yatsan on January 11, 2023, 05:57:38 AM

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.

panganib999

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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.

Quote from: pixie85 on January 11, 2023, 02:15:17 PM

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.

pixie85

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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.

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

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.

dothebeats

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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.

blockman

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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.

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

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.

Mauser

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

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.

Ulven

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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?

Cling18

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Quote from: bitbollo on January 11, 2023, 10:52:31 AM

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" Wink

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.

bitbollo

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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" Wink

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!

Wiwo

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

Quote from: gamblingnews.com

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.

Accardo

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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.

bittraffic

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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.

Crypt0Gore

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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.

Genemind

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Quote from: piebeyb on January 11, 2023, 06:07:51 AM

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.

Plaguedeath

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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.

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Quote from: Maus0728 on January 11, 2023, 08:19:32 AM

^

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.

Maus0728

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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 Roll Eyes

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

coin-investor

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We are all susceptible to gambling

Quote

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.

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Quote from: acroman08 on January 11, 2023, 06:51:46 AM

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.

klidex

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

Quote from: gamblingnews.com

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.

Aanuoluwatofunmi

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Quote from: PX-Z on January 11, 2023, 05:36:05 AM

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.

acroman08

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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.

danherbias07

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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.

Pierre 2

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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.

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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.

hyudien

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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.

piebeyb

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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

joeperry

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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.

Yatsan

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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.

PX-Z

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Quote from: gamblingnews.com

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

Topic: Streamer and Crypto Guru Gambles Away Investor Funds (Read 374 times)