Goober’s NFT in trouble as founder gambles away investors’ funds
However, well-known Twitch streamer DNP3, who founded a number of businesses, including metaverse platform Gridcraft Network and NFT collection Goobers, admitted to using investor funds for gambling on Tuesday.
During the Twitch stream, he admitted to having a serious gambling addiction.
Sorry.
Read:
— DNP3 (@DNPthree) 3 January 2023
Goober’s founder claims he was unhappy.
DNP3 claimed in his statement that he spent every dollar he could find in an attempt to win. DNP3 claimed that despite significant gains, he eventually lost everything because he was dissatisfied. After spending every penny of his personal savings, he claimed, to make up the difference, he turned to investor funds. Although he understood that his actions were reckless, he also knew that it was too late to undo this mistake.
The publisher of Twitch claimed that in addition to losing his confidence, he also went bankrupt financially. He went on to say that he was working with a support group to get out of this mental state.
Goobers sold a total of 968 ETH.
How much money has been lost is unknown. Following the announcement, CluCoin’s price fell by 72.25% and The Goobers project’s market cap fell by 20.5%. The Goobers sold 968 ETH in total, or about $1.1 million, according to CoinGecko.
According to CoinGecko, today’s Goobers (GOOBERS) price floor is $21.12, with a 24-hour trading volume of 0.8 ETH. As of today, there are 14575 NFTs in circulation, with 4375 unique owners and a total market cap of $307,755.73.
Onepad has also been involved in gambling.
Similar circumstances were evident in the case of the NFT launchpad, Onepad. Shankkar (from the OnePad team) made the decision to gamble away every penny that the launch pad had earned and ended up losing it all very quickly.
However, Shankkar left the project soon after accepting six months’ salary plus 2% of the profits. Onepad announced it would close in April.
These situations should not be condoned because they involve misappropriation of client funds, a crime subject to the law.
Also read: What are music NFTs? How are they changing the music industry?
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