AI Company Rabbit Accused of NFT Scam Cover-Up by Coffeezilla

Coffeezila noted that Rabbit firm tried to conduct Gama NFT-like scam & also tried best to cover the game.

Coffeezilla is a popular YouTube channel run by Stephen Findeisen, known for investigating and exposing online scams, particularly in the cryptocurrency space. The channel delves into fraudulent schemes, uncovering deceptive practices by influencers, crypto projects, and various online platforms. 

On 21 May 2024, YouTube channel Coffeezila host Stephen published a new video to explain how artificial intelligence (AI) company Rabbit established a nonfungible token (NFT) scam and attempted to hide it.

Stephen explained that Rabbit became famous early this year, raising $30 million from investors and selling $20 million in products.

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Online scam investigator noted that the majority of people don’t know that Rabbit Inc. which was previously called Cyber Manufacture Co. had raised $6 million for a wild NFT project.

Rabbit went viral at the beginning of this year, raising $30m in venture capital and selling $20m in consumer products.

But most people don't know that the company Rabbit Inc used to be called Cyber Manufacture Co, and raised $6 million for an NFT project. This project was WILD pic.twitter.com/1aQXTSVysu

— Coffeezilla (@coffeebreak_YT) May 21, 2024

Furthermore, Stephen explained that with the project they aimed to push the crypto investors toward Gama coin by using the hypothetical concept of the solar energy-powered crypto blockchain network. 

Following this investigation report, the Coffeezila host faced pressure from the Rabbit firm. Following some constructive discussion between both parties, Stephen noted that there are still huge things that are missing, as they failed to talk about many concerns.

some of this stuff you just have to hear to believe. Like when Jesse says GAMA will be just like the "Matrix". WATCH https://t.co/B6thAIQeJ8

— Coffeezilla (@coffeebreak_YT) May 21, 2024

All these things show how crypto entrepreneurs swap their roles for different projects with different identities to make sudden money. This report is a lesson for people to study the past & future of crypto projects before investing. So do self-research on every crypto project, before trusting blindly on behalf of third-party reviews or research.

Read also: Huobi exchange will help Gala games to rescue affected Gala holders of the pGala Scheme

AI Company Rabbit Accused of NFT Scam Cover-Up by Coffeezilla

 

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