This Former Monero Guy Warns About the AI KYC Fraud Coming Your Way

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Ricardo Spagni, former Monero maintainer and self-proclaimed crypto mascot “Fluffypony,” just dropped a truth bomb on the future of Know Your Customer (KYC) protocols. Spoiler: It’s not looking pretty. On X (yes, we still call it that), Spagni posted a warning that KYC systems, the ones we all know and tolerate with a mix of frustration and mild resignation, are about to go the way of the dodo. And this time, it’s not because of some corporate shakeup. Nope, it’s artificial intelligence swooping in to do what it does best: ruin everything. 🦾

In his slightly ominous post, Spagni declared that in the next two years, we’ll witness a complete “collapse” of current KYC procedures, courtesy of a shiny new, open-source AI model. According to him, this AI will have zero regard for safeguards and will be able to churn out fake KYC docs with uncanny consistency. “It’s not perfect, and weirdly inconsistent – but it’s getting there!” he added, like a proud parent whose kid just finished their first unsupervised painting. 🎨

He even threw in some AI-generated images of these “individuals” – or, let’s be real, walking stacks of fake documents – holding up IDs for the camera like they’re auditioning for a new season of Catfish. It’s like a twisted version of a high school science fair project, but instead of volcanoes, it’s people with forged identities. 🕵️‍♂️

So, if you’re currently dealing with KYC processes that involve you sending in a picture of your ID and a selfie that’s always somehow blurry, get ready for this mess of AI-driven chaos to hit your inbox soon. 🎉 Just remember: the future is now, and it’s definitely a little weird.

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2025-04-02 00:57