CluCoin founder pleads guilty to stealing $1.1 million in online gambling investor funds

Taylor founded CluCoin in the spring of 2021, promoting the project to his “large internet following” as a streamer as a way to fund charities. After CluCoin’s subsequent ICO in May, the project’s trading volume and value dropped “precipitously,” according to court documents, prompting Taylor to move CluCoin away from its “original charitable focus.”