PANews reported on May 22 that, according to Cointelegraph, YouTube investigator Stephen Findeisen ("Coffeezilla") accused the artificial intelligence (AI) company Rabbit of orchestrating a scam and attempting to cover up its history.

Yesterday, Findeisen released a video on the Coffeezilla channel revealing Rabbit AI's involvement in the NFT field. Findeisen pointed out that the company was previously named Cyber Manufacture Co. and raised $6 million for an NFT project called Gama. However, years later, Rabbit AI's founder and CEO Jesse Lyu distanced himself from cryptocurrency and the company's new image.

Findeisen highlighted Lyu's statement on Discord, which claimed that the company would "never touch cryptocurrency." Lyu also explained that Gama was just a "fun little project" he participated in during the COVID-19 pandemic. The Rabbit founder wrote that he left the project after the game they developed became open source. While Lyu downplayed Gama as a small project, Findeisen released a recording of Lyu explaining their grand vision for the NFT venture. In the recording, Lyu stated that they were investing millions into the project to ensure Gama became "a whole new level of experience." Due to Lyu's promises, Findeisen questioned where the $6 million raised for the Gama project was spent. According to Coffeezilla, the company claimed these funds were solely used for the NFT project. Nevertheless, Coffeezilla stated that this should still concern Rabbit, as it was built on the remnants of the Gama project. Findeisen also emphasized that the company's popular R1 product was overhyped.