DNP3, the pseudonym of the founder of the Goobers NFT collection and other web3 projects, admitted to gambling away user funds and causing the loss of user funds.
"Over the last year I got incredibly addicted to gambling," DNP3 wrote. "Every dollar I could find I would put into Stake in hopes of winning big. Even when the big wins did happen it wasn’t enough. Eventually I lost everything. In addition to my own life savings, I also irresponsibly used investor funds to try and 'get my money back' from the casino, which was wrong for so many reasons."
DNP3 did not disclose the amount of money used for gambling. However, The Block Research estimated that millions of dollars worth of funds were gambled.
NFT project Goobers was launched in September 2021 and amassed a 968 ETH total trading volume. At its peak, the project's floor price was 55.25 ETH on Feb. 20, 2022 before falling to 0.02 ETH on Jan 3. DNP3 is also the founder of Gridcraft Network, a play-to-earn web3 game, and the charity-focused cryptocurrency CluCoin.
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