Stephen Findeisen, known as “Coffeezilla” on YouTube, has accused Rabbit AI of orchestrating a nonfungible token (NFT) scam, raising concerns about the company’s integrity and its handling of investor funds.

Background: Rabbit AI’s Alleged Involvement in NFT Scam

Rabbit AI, formerly known as Cyber Manufacture Co., reportedly raised $6 million for an NFT project named Gama. However, allegations suggest that the company misrepresented its intentions and misused investor funds.

Despite Rabbit AI’s CEO, Jesse Lyu, distancing the company from cryptocurrencies and claiming Gama was merely a “fun project,” evidence presented by Findeisen suggests otherwise. Recordings reveal Lyu discussing ambitious plans for Gama and expressing intentions to invest millions into the project.

Concerns Raised by Coffeezilla

Findeisen raised concerns about the allocation of the $6 million raised for the Gama project, questioning Rabbit AI’s transparency and integrity. He criticized the company’s foundation built on the remnants of Gama, highlighting discrepancies between Lyu’s statements and actual intentions.

Coffeezilla’s allegations are part of a broader skepticism surrounding Rabbit AI’s offerings. Others, including Josh Olin of WeGPT, have labeled the company’s projects as scams designed to attract investors for quick cash grabs.

Previous Investigations by Coffeezilla

Coffeezilla gained prominence for uncovering crypto scams, including his investigation into Logan Paul’s CryptoZoo project. Allegations of abandonment and mismanagement surrounded CryptoZoo, leading to public scrutiny and legal threats from Paul.

The accusations made by Coffeezilla against Rabbit AI highlight the importance of transparency and accountability in the emerging NFT space. Investors and consumers are advised to conduct thorough research and exercise caution when engaging with projects promoted by influencers and companies with questionable reputations.