DNP3, a well-known streamer and founder of several NFT projects, has admitted to using investor funds to support his gambling addiction at the Stake crypto casino.

In a statement, DNP3 revealed that he had become addicted to gambling and had spent all of his life savings at the casino.

He also acknowledged using investor funds in an attempt to recover his losses, which he called “wrong for so many reasons.”

DNP3 apologized for his actions and said that he is working with a support group to address his addiction.

The impact on the NFT projects he was involved in and the investors in those projects is currently unknown. DNP3 stated that he will provide an update on the next steps for each of the projects in a separate tweet.