AI fraud raises stakes for crypto advisors

AI has made impersonation scams cheaper and more convincing, heightening fraud risk for crypto advisors and money managers. According to CoinDesk, the best defense is not better fake detection but stricter financial controls, including dual authorization, out-of-band verification, independent reconciliation and custodian diligence. The article says AI-driven scams are increasingly able to mimic clients, advisors and support staff, while programmable smart accounts and automated monitoring can help create account-level security guardrails.