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- Stephen Findeisen, known as “Coffeezilla,” has accused Rabbit AI of orchestrating an NFT scam.
- Rabbit AI, formerly Cyber Manufacture Co., raised $6 million for a project named Gama.
- “We will never touch crypto,” stated Jesse Lyu, despite previous involvement in the NFT project.
Explore the allegations of a hidden NFT scam by Rabbit AI as uncovered by YouTube investigator Coffeezilla.
Discrepancies in Rabbit AI’s NFT Project Claims
Jesse Lyu, CEO of Rabbit AI, described the Gama project as a “fun little project” during the pandemic, distancing the company from its cryptocurrency roots. However, recordings reveal Lyu discussing substantial investments and ambitious plans for Gama, contradicting his public statements.
Financial Concerns and Public Statements
Despite Rabbit AI’s claims of using the $6 million solely for Gama, discrepancies in funding allocation have raised suspicions. Coffeezilla highlights these financial inconsistencies, questioning the transparency and integrity of Rabbit AI’s operations.
Broader Implications of Rabbit AI’s Activities
The controversy extends beyond financial mismanagement. The viral success of Rabbit AI’s products and the foundational ties to the Gama project suggest a pattern of overhyped promises, mirroring the issues seen in other tech ventures.
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Industry Reactions and Wider Criticism
Other industry figures, such as Josh Olin of WeGPT, have criticized Rabbit AI, labeling it a “scam” and questioning its legitimacy. This criticism reflects growing skepticism about the sustainability and ethical practices of NFT projects within the tech community.
Conclusion
The allegations against Rabbit AI by Coffeezilla expose potential ethical and financial irregularities in the burgeoning NFT market. These revelations prompt a broader discussion about accountability and transparency in cryptocurrency ventures.
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