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Better known as Coffeezilla, YouTube investigator Stephen Findeisen accused the AI company Rabbit of organizing an NFT fraud and trying to cover it up. On May 21, Findeisen released a video on the Coffeezilla channel revealing Rabbit AI’s involvement in NFTs. The YouTube detective stated that the company was previously called Cyber Manufacture Co. and raised $6 million for an NFT project named Gama.
Famous Figure Responds Quickly
A few years after this process, Rabbit AI’s founder and CEO Jesse Lyu drew a line between the company’s new image and crypto. Findeisen highlighted Lyu’s Discord statements claiming that the company would never touch crypto assets. Lyu also explained that Gama was just a fun little project they got involved with during the COVID-19 pandemic. The founder of Rabbit wrote that they left the project because the game was open source.
While Lyu downplayed Gama as a small project, Findeisen revealed recordings where Lyu explained his grand vision for the NFT effort. In the recordings, Lyu said they invested millions to make Gama the next-level experience. Lyu’s statement included the following:
“NFTs are just the beginning. After NFTs, we have these massive, groundbreaking ideas about Gamaverse and then about clean energy against Gama Coin.”
Details on the Matter
Due to Lyu’s promises, Findeisen questioned where the $6 million raised for the Gama project went. According to Coffeezilla, the company claimed the funds were used solely for the NFT project. Despite this, Coffeezilla stated that the situation still concerned Rabbit because it was built on the remnants of the Gama project. Findeisen also emphasized that the company’s viral R1 product was overly hyped and stated the following:
“Most of Gama’s promises were not fulfilled. This is not only because this project was built on the skeleton of that scam project but also because R1 was similarly overly hyped.”
Besides Findeisen, others also believe Rabbit’s R1 product is an AI scam. On January 14, WeGPT’s founder and CEO Josh Olin claimed on X that Rabbit’s project was a scam.
