AI company Rabbit is suspected of planning NFT scam Gama, which raised $6 million

22/05 16:32

YouTube investigator Stephen Findeisen (aka Coffeezilla) accused AI company Rabbit of planning an NFT scam and trying to cover it up. On May 21, Findeisen released a video exposing Rabbit AI, formerly known as Cyber Manufacture Co., which raised $6 million for the NFT project Gama. However, a few years later, Rabbit AI founder and CEO Jesse Lyu claimed that his company "will never get involved in cryptocurrency" and claimed that Gama was his "little fun project" during COVID-19. Findeisen showed a recording of Lyu describing Gama's grand vision. In the recording, Lyu said that they invested millions of dollars to ensure that Gama would become "an extraordinary experience." Findeisen also questioned the whereabouts of the $6 million raised by the Gama project, although the company claimed that the funds were only used for NFT projects. In addition, Findeisen pointed out that Rabbit's R1 product also had the problem of over-hype, and some people believed that it was an "AI scam." (Cointelegraph)

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AI company Rabbit is suspected of planning NFT scam Gama, which raised $6 million

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