AI company Rabbit is accused of orchestrating the NFT scam Gama, which previously raised $6 million

2024-05-22 16:40:41

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ChainCatcher news, Cointelegraph reports that YouTube investigator Stephen Findeisen (also known as Coffeezilla) has accused the AI company Rabbit of orchestrating an NFT scam and attempting to cover it up.

On May 21, Findeisen released a video exposing that Rabbit AI was formerly known as Cyber Manufacture Co., which raised $6 million for the NFT project Gama. However, years later, Rabbit AI founder and CEO Jesse Lyu claimed that his company "would never get involved in cryptocurrency" and stated that Gama was just a "little hobby project" during COVID-19.

Findeisen presented recordings where Lyu described the grand vision of Gama. In the recordings, Lyu stated that they invested millions of dollars to ensure Gama became "an extraordinary experience." Findeisen also questioned the whereabouts of the $6 million raised for the Gama project, even though the company claimed that the funds were solely for the NFT project.

Additionally, Findeisen pointed out that Rabbit's R1 product also faced issues of overhyping, with some considering it an "AI scam."

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AI companies Rabbit Gama NFT scams

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