Uncovering Rabbit AI’s Alleged NFT Scam
Stephen Findeisen, better known as “Coffeezilla” on YouTube, has recently brought to light concerning allegations against artificial intelligence company Rabbit AI. In a video on the Coffeezilla channel, Findeisen exposed Rabbit AI’s involvement in an NFT scam, attempting to conceal their activities.
Previously known as Cyber Manufacture Co., Rabbit AI managed to secure $6 million funding for their NFT project Gama. Despite founder Jesse Lyu‘s denial of involvement in cryptocurrency, claiming Gama was a “fun project,” evidence presented by Findeisen contradicts this, revealing ambitious plans behind Gama, including investments in creating a revolutionary NFT experience and the development of a concept called Gamaverse.
Questions arose regarding the allocation of the funds raised for the Gama project, with concerns raised by Findeisen about Rabbit AI’s integrity and misrepresentation of their endeavors.
The Critique on Rabbit AI’s R1 Product and Other Skeptics
Findeisen criticized Rabbit AI’s overhyped R1 product, drawing comparisons to the exaggerated promises made by both Gama and R1. His allegations are not singular, as other industry figures, including Josh Olin, the CEO of WeGPT, have labeled Rabbit AI’s project as a “scam,” designed to attract investors through misleading tactics.
Coffeezilla, known for his online detective work in uncovering crypto scams, previously gained attention for exposing popular YouTuber Logan Paul‘s project CryptoZoo. Paul’s project promised significant returns through NFTs but was alleged to have been abandoned shortly after its launch. Despite backlash, Paul attempted to shift blame onto the project’s co-founders and advisors, even considering legal action against Coffeezilla.
