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Twitch streamer DNP3 pleads guilty to wire fraud after gambling funds invested in crypto charity project

In January 2023, Twitch streamer DNP3 issued a statement admitting to betting investor funds while chasing losses. “In the end, I lost everything. In addition to my own life savings, I irresponsibly used investors’ funds to try to ‘get my money back’ from the casino,” he wrote. He founded crypto projects including CluCloin, the metaverse project Gridcraft, and the Goobers NFT project.

Now, Austin “DNP3” Taylor has pleaded guilty to wire fraud after stealing about $1.14 million in investor funds from his CluCoin project, which he claimed would “help others in need.” DNP3 himself has built a reputation for lavish giveaways while broadcasting live. He transferred the stolen funds to online casinos, where he then played them.

Taylor faces up to 20 years in prison. The statement from the US Attorney’s Office announced that authorities will notify victims identified through NFT and encourage them to submit statements to the FBI.

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