CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling

Taylor founded CluCoin in the spring of 2021, marketing the project to his “large Internet following” as a streamer as a way to fund charities. After CluCoin’s subsequent ICO that May, the project’s trading volume and value declined “precipitously,” according to court documents, prompting Taylor to steer CluCoin “away from its original charity focus.”