YouTube Researcher ‘Coffeezilla’ Claims Rabbit AI is Linked to an NFT Fraud.

Stephen Findeisen, widely recognized as “Coffeezilla” on YouTube, has accused the artificial intelligence firm Rabbit AI of orchestrating a nonfungible token (NFT) scam and attempting to conceal it.

Findeisen, a notable investigator on the video-sharing platform, recently published a video on the Coffeezilla channel, highlighting Rabbit AI’s purported involvement in the NFT sector.

As per Findeisen’s research, Rabbit AI was formerly known as Cyber Manufacture Co. and successfully raised $6 million for an NFT initiative called Gama.

However, the company’s founder and CEO, Jesse Lyu, later distanced Rabbit AI from the cryptocurrency realm, asserting that they would “never touch crypto” in statements made on Discord.

Fun Little Project

Lyu asserted that Gama was simply a “fun little project” he engaged in during the COVID-19 pandemic and that he exited the project once the related game was open-sourced.

In contrast to Lyu’s assertions, Findeisen provided recordings in which Lyu discussed ambitious aspirations for the Gama project.

In those recordings, Lyu articulated intentions to invest millions into Gama to develop a revolutionary NFT experience.

He also referenced future concepts such as Gamaverse and the possibility of a clean energy initiative linked to Gama Coin.

Findeisen expressed concerns regarding the $6 million funding raised for the Gama project, questioning the allocation of those funds.

Rabbit went viral at the beginning of this year, raising $30m in venture capital and selling $20m in consumer products.

But most people don’t know that the company Rabbit Inc used to be called Cyber Manufacture Co, and raised $6 million for an NFT project. This project was WILD pic.twitter.com/1aQXTSVysu

— Coffeezilla (@coffeebreak_YT) May 21, 2024

Despite Rabbit AI’s claim that the funds were exclusively utilized for the NFT project, Coffeezilla contended that Rabbit AI’s foundation was built on the remnants of the Gama project, raising concerns.

Furthermore, Findeisen criticized the exaggerated nature of Rabbit AI’s viral R1 product, drawing comparisons between the inflated promises made by both Gama and R1.

Coffeezilla’s accusations are not singular, as others have also voiced doubts regarding Rabbit AI’s offerings.

Josh Olin, the founder and CEO of WeGPT, previously described Rabbit’s project as a “scam,” labeling it a quick cash grab aimed at attracting investors.

Logan Paul-Coffeezilla Cryptozoo Controversy

Online investigator Coffeezilla has established a reputation for exposing crypto scams.

Notably, he gained attention last year for targeting popular YouTuber and influencer Logan Paul to reveal his “scam” project CryptoZoo.

CryptoZoo was launched in September 2021 with considerable fanfare, with Paul himself being one of the project’s founders.

The game featured its own cryptocurrency called ZooCoin, allowing buyers to purchase “eggs” that would hatch into randomized animals with varying rarities.

These animals could then be bred to create hybrid creatures that would function as NFTs. The NFTs could be retained or burned to earn additional ZooCoin, allegedly offering buyers substantial returns on their investments.

However, in a three-part video series released at the end of 2021, Coffeezilla claimed that CryptoZoo had been largely neglected shortly after its launch.

He alleged that Paul distanced himself from the project, despite the significant pre-release attention he had devoted to it.

In response to Coffeezilla’s claims, Paul released a video attributing blame to the co-founders and advisors of CryptoZoo for any misconduct and sensationalizing the narrative. He even threatened legal action against Coffeezilla.

The post YouTube Investigator ‘Coffeezilla’ Accuses Rabbit AI of Involvement in an NFT Scam appeared first on Cryptonews.