YouTuber Coffeezilla Exposes Alleged $6 Million NFT Scam by AI Company Rabbit

IconCryptoNewsTerminal Staff22 May, 2024

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YouTuber Coffeezilla Exposes Alleged $6 Million NFT Scam by AI Company Rabbit

Coffeezilla, a popular YouTube channel dedicated to investigating and exposing cryptocurrency scams, has alleged that AI company Rabbit perpetrated an NFT scam in the past. According to Coffeezilla, Rabbit raised $6 million through its fraudulent NFT project called Gama. The project promised exclusive access to AI products, early access to future projects, and a share of the profits generated by the company. However, many of these promises have not been delivered. Coffeezilla claims that the project was fraudulent from the start and involved excessive marketing hype. He points to the fact that Rabbit's team has a history of involvement in other failed projects, and that the company's whitepaper contained numerous red flags. Coffeezilla's allegations have sparked outrage in the crypto community, and many are calling for Rabbit to be held accountable. The company has not yet responded to the allegations. This is not the first time that Coffeezilla has exposed a cryptocurrency scam. In the past, he has investigated and exposed several other high-profile scams, including the BitConnect Ponzi scheme. Coffeezilla's work has helped to raise awareness of cryptocurrency scams and has saved many people from losing money.