Former maintainer of Monero Ricardo Spagni, known in crypto circles as Fluffypony, has alerted about the collapse of the current Know Your Customer (KYC) strategies at the hands of artificial intelligence (AI) tools. On X, Spagni assessed that still-in-use KYC procedures are on the way out, declaring that within the next 24 months “there will be a fully unhinged open-source model with no safeguards, able to create fake KYC with consistent details/images.” Spagni then showed two sets of images and photos of AI-created individuals holding fake documents to pass mandatory KYC procedures. “It’s not perfect, and weirdly inconsistent – but it’s getting there!” he concluded.

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