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Stephen Findeisen Accuses Rabbit AI of NFT Scam
Stephen Findeisen, also known as “Coffeezilla” on YouTube, has brought to light accusations against artificial intelligence company Rabbit AI regarding an alleged nonfungible token (NFT) scam.
Rabbit AI’s Alleged Involvement
Findeisen recently released a video on the Coffeezilla channel, revealing Rabbit AI’s purported role in the NFT space. The company, previously known as Cyber Manufacture Co., raised $6 million for an NFT project named Gama.
Controversy Surrounding Gama Project
Jesse Lyu, the founder and CEO of Rabbit AI, distanced the company from cryptocurrencies, claiming Gama was a “fun little project” during the COVID-19 pandemic. However, recordings presented by Findeisen suggest ambitious plans for Gama, including investments into a groundbreaking NFT experience and future initiatives like Gamaverse and a clean energy project related to Gama Coin.
Financial Concerns and Criticisms
Questions arose regarding the allocation of the $6 million raised for the Gama project. Despite Rabbit AI’s statements, Coffeezilla raised concerns that the company’s foundation was linked to Gama, echoing criticisms of overhyped promises made by Rabbit AI’s viral R1 product.
Additional Skepticism and Allegations
Others, including Josh Olin of WeGPT, have labeled Rabbit AI’s project as a “scam” designed to attract investors quickly. The skepticism surrounding Rabbit AI’s offerings mirrors previous controversies in the crypto space, such as the CryptoZoo project involving Logan Paul.
Logan Paul-Coffeezilla Cryptozoo Controversy
Coffeezilla’s reputation for uncovering crypto scams extends to his investigation of Logan Paul’s CryptoZoo project. Launched with much fanfare, CryptoZoo and its associated ZooCoin cryptocurrency faced allegations of abandonment and misleading investors.
Allegations and Responses
Coffeezilla’s exposé on CryptoZoo led to a public dispute, with Paul distancing himself from the project and attributing any issues to co-founders and advisors. The controversy surrounding CryptoZoo underscores the importance of transparency and accountability in the crypto industry.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
