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YouTube Investigator ‘Coffeezilla’ Accuses Rabbit AI of Involvement in an NFT Scam

Stephen Findeisen, widely recognized as “Coffeezilla” on YouTube, has leveled accusations against Rabbit AI, an artificial intelligence firm, claiming they orchestrated a scam involving nonfungible tokens (NFTs) and attempted to conceal it.

As a leading investigator on the video-sharing platform, Findeisen recently unveiled his findings in a Coffeezilla channel video, exposing Rabbit AI’s purported activities within the NFT sphere.

According to Findeisen’s investigation, Rabbit AI, formerly known as Cyber Manufacture Co., managed to secure $6 million for an NFT initiative named Gama. However, Jesse Lyu, the company’s founder and CEO, later distanced Rabbit AI from the cryptocurrency realm, asserting in Discord statements that they had no involvement with crypto and would steer clear of it.

Fun Little Project

Lyu asserted that Gama was simply a “fun little project” he engaged in during the COVID-19 pandemic and clarified that he withdrew from the project after the associated game was made open-source.

However, contradicting Lyu’s statements, Findeisen presented recordings wherein Lyu discussed ambitious visions for the Gama project. In these recordings, Lyu articulated plans to invest millions into Gama to pioneer a groundbreaking NFT experience. He also discussed future prospects such as the development of Gamaverse and potential involvement in clean energy initiatives linked to Gama Coin.

Findeisen voiced apprehensions regarding the $6 million funding acquired for the Gama project, casting doubts on how the funds were allocated.

Despite Rabbit AI’s insistence that the funds were exclusively directed towards the NFT project, Coffeezilla contended that Rabbit AI’s foundation rested upon the remnants of the Gama project, raising concerns.

Moreover, Findeisen criticized the exaggerated promotion surrounding Rabbit AI’s viral R1 product, drawing parallels between the inflated promises made by both Gama and R1.

Coffeezilla’s accusations are not singular, as others have also voiced skepticism regarding Rabbit AI’s offerings. Josh Olin, the founder and CEO of WeGPT, previously denounced Rabbit’s project as a “scam,” describing it as a hastily executed scheme aimed at enticing investors for quick gains.

Logan Paul-Coffeezilla Cryptozoo Controversy

Online sleuth Coffeezilla has carved out a niche for himself by exposing cryptocurrency scams, and he grabbed headlines last year by targeting popular YouTuber and influencer Logan Paul to uncover what he deemed a “scam” project called CryptoZoo.

CryptoZoo burst onto the scene in September 2021 with much hype, boasting Paul as one of its founders. The game introduced its own cryptocurrency, ZooCoin, allowing users to buy “eggs” that would hatch into various animals with different levels of rarity. These creatures could be bred to create hybrid versions, which functioned as NFTs. Holding or burning these NFTs purportedly yielded substantial returns on investment in ZooCoin.

However, in a series of three videos uploaded at the end of 2021, Coffeezilla alleged that CryptoZoo was largely abandoned shortly after its launch. He asserted that Paul distanced himself from the project, despite heavily promoting it before its release.

In response to Coffeezilla’s claims, Paul released a video placing blame on CryptoZoo’s co-founders and advisors for any missteps and accused them of sensationalizing the situation. He even threatened legal action against Coffeezilla.

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

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