Artificial intelligence company Rabbit has vehemently denied allegations made by YouTube investigator Stephen Findeisen, also known as "Coffeezilla," that it facilitated a nonfungible token (NFT) scam and attempted to conceal it. Rabbit claims that it has been transparent about its rebranding from Cyber Manufacture to Rabbit and shifting its focus to AI, and that it has always prioritized consumer protection and clear communication.

On May 22, Findeisen accused Rabbit of rebranding and attempting to conceal its involvement in the Gama NFT project, which he called a "scam." He also alleged that Rabbit AI's founder and CEO, Jesse Lyu, promised many things to the Gama project's supporters but never delivered. Additionally, Findeisen called Rabbit's new AI product, Rabbit R1, "overhyped."

In a detailed statement sent to Cointelegraph, a Rabbit spokesperson claimed that Rabbit and the Gama project were separate ideas and ventures under the same company. The spokesperson stated that the company had previously announced its rebranding from Cyber Manufacturing in a tech media article published in 2023, and that this announcement was made to reflect the company's shift in focus towards AI. Furthermore, the spokesperson claimed that many of its employees joined after the rebranding, with over 80% of Rabbit's current employees joining after December 2023.

The spokesperson also stated that the Gama project had already concluded when it was open-sourced, and that Jesse Lyu strongly disputes Coffeezilla's allegations that he and the Gama team were not forthright about the open-sourcing of the project. The spokesperson added that Lyu has a long history as an entrepreneur and was involved in a range of projects, including Gama, which ended before he started Rabbit. The spokesperson emphasized that Rabbit has always prioritized transparency and consumer protection, and that the company has never engaged in any fraudulent or deceptive activities.

Regarding Findeisen's comments on the Rabbit R1, the company's spokesperson said that they are receiving use cases and feedback from users every day. The spokesperson claimed that 10,000 users who received the product have generated over 600,000 interactions in the last thirty days, and that the company is continuously working to improve and update the product based on user feedback. The spokesperson added that the company has released updates that address the feedback and is launching new features, and that the Rabbit R1 has been well-received by users and has generated significant interest in the AI community.

This development highlights the importance of transparency and forthrightness in the cryptocurrency and AI industries. As the industries continue to evolve, it is essential for companies to prioritize clear and concise communication to avoid disputes and ensure a smooth resolution process. Rabbit's denial of Coffeezilla's allegations and its claims of transparency and forthrightness in its rebranding and project open-sourcing demonstrate the company's commitment to consumer protection and clear communication.

In the meantime, users can make informed decisions about Rabbit's products and services, knowing that the company has denied allegations of facilitating an NFT scam and has claimed transparency and forthrightness in its rebranding and project open-sourcing. As the cryptocurrency and AI industries continue to grow and mature, it is essential for companies to prioritize consumer protection and clear communication to avoid disputes and ensure a smooth resolution process.

The cryptocurrency and AI industries have seen significant growth and innovation in recent years, and companies like Rabbit are leading the charge in developing new and exciting technologies. However, with this growth comes the risk of fraudulent activities and deceptive practices, and it is essential for companies to prioritize transparency and consumer protection to avoid disputes and ensure a smooth resolution process.

Rabbit's denial of Coffeezilla's allegations and its claims of transparency and forthrightness in its rebranding and project open-sourcing demonstrate the company's commitment to consumer protection and clear communication. The company's spokesperson emphasized that Rabbit has always prioritized transparency and consumer protection, and that the company has never engaged in any fraudulent or deceptive activities.

As the cryptocurrency and AI industries continue to evolve, it is essential for companies to prioritize clear and concise communication to avoid disputes and ensure a smooth resolution process. Rabbit's commitment to transparency and consumer protection sets a positive example for other companies in the industry, and demonstrates the importance of prioritizing consumer protection and clear communication in the cryptocurrency and AI industries.

Rabbit's denial of Coffeezilla's allegations and its claims of transparency and forthrightness in its rebranding and project open-sourcing demonstrate the company's commitment to consumer protection and clear communication. As the cryptocurrency and AI industries continue to grow and mature, it is essential for companies to prioritize consumer protection and clear communication to avoid disputes and ensure a smooth resolution process. Rabbit's commitment to transparency and consumer protection sets a positive example for other companies in the industry, and demonstrates the importance of prioritizing consumer protection and clear communication in the cryptocurrency and AI industries.