YouTube Investigator 'Coffeezilla' Accuses Rabbit AI of Involvement in an NFT Scam
YouTube Investigator ‘Coffeezilla’ Accuses Rabbit AI of Involvement in an NFT Scam
Stephen Findeisen, popularly identified as “Coffeezilla” on YouTube, has accused artificial intelligence firm Rabbit AI of orchestrating a nonfungible token (NFT) scam and attempting to quilt it up.
Findeisen, a licensed investigator on the video-sharing platform, no longer too long previously released a video on the Coffeezilla channel, shedding gentle on Rabbit AI’s alleged involvement in the NFT area.
In step with Findeisen’s findings, Rabbit AI used to be beforehand identified as Cyber Manufacture Co. and managed to elevate $6 million for an NFT project named Gama.
Then again, the firm’s founder and CEO, Jesse Lyu, later distanced Rabbit AI from the realm of cryptocurrencies, mentioning that they would “never touch crypto” in Discord statements.
Fun Puny Project
Lyu claimed that Gama used to be merely a “stress-free little project” he participated in all the scheme thru the COVID-19 pandemic and that he left the project as soon as the associated game used to be commence-sourced.
Contradicting Lyu’s claims, Findeisen introduced recordings wherein Lyu mentioned valorous plans for the Gama project.
In these recordings, Lyu expressed intentions of investing millions into Gama to create a groundbreaking NFT expertise.
He also mentioned future plans for a belief known as Gamaverse and the skill for a neat vitality initiative when it comes to Gama Coin.
Findeisen raised concerns about the $6 million funding raised for the Gama project, questioning where the money had been allocated.
Rabbit went viral at the starting up of this year, elevating $30m in project capital and promoting $20m in user merchandise.
But most folks don't know that the firm Rabbit Inc used to be as soon as known as Cyber Manufacture Co, and raised $6 million for an NFT project. This project used to be WILD pic.twitter.com/1aQXTSVysu
— Coffeezilla (@coffeebreak_YT) Also can 21, 2024
Irrespective of Rabbit AI’s assertion that the funds were totally used for the NFT project, Coffeezilla argued that Rabbit AI’s foundation used to be constructed on the remnants of the Gama project, making it a topic of self-discipline.
Additionally, Findeisen criticized the overhyped nature of Rabbit AI’s viral R1 product, drawing parallels between the exaggerated promises made by each and every Gama and R1.
Coffeezilla’s allegations are no longer isolated, as others hold also expressed skepticism about Rabbit AI’s choices.
Josh Olin, the founder and CEO of WeGPT, beforehand labeled Rabbit’s project as a “scam,” characterizing it as a snappy money snatch designed to lure in merchants.
Logan Paul-Coffeezilla Cryptozoo Controversy
Online detective Coffeezilla has made himself a popularity by uncovering crypto scams.
Namely, he made headlines closing year for going after widespread YouTuber and influencer Logan Paul to uncover his “scam” project CryptoZoo.
CryptoZoo used to be launched in September 2021 with mighty fanfare, with Paul himself being one in all the founders of the project.
The game utilized its hold cryptocurrency known as ZooCoin, with merchants ready to amass “eggs” that will hatch into randomized animals with diverse rarities.
These animals could seemingly then be bred to create unfavorable-bred creatures that will act as NFTs. The NFTs can also simply be held or burned to make extra ZooCoin, purportedly providing merchants with significant returns on their investments.
Then again, in a 3-phase series of movies uploaded on the finish of 2021, Coffeezilla alleged that CryptoZoo had been largely abandoned rapidly after its starting up.
He claimed that Paul distanced himself from the project, no topic the extensive pre-starting up consideration he had given it.
In response to Coffeezilla’s allegations, Paul released a video blaming the co-founders and advisors of CryptoZoo for any wrongdoing and sensationalizing the yarn. He even threatened to sue Coffeezilla.
Source : cryptonews.com
