AI-driven romance scams have emerged as a major threat in the cryptocurrency landscape, with recent reports highlighting a $46 million scam ring dismantled by Hong Kong authorities. These scams utilize advanced technologies such as deepfakes, voice cloning, and chatbots to manipulate victims into sending cryptocurrency. In Nigeria, law enforcement has arrested 800 individuals linked to similar fraudulent activities. The rise of AI fraud has been alarming, with deepfake fraud attacks increasing by 2,100% over the past three years. Financial institutions are reportedly losing an average of $600,000 per incident due to AI-powered fraud. As these scams become more sophisticated, the need for protective measures is underscored, with many organizations remaining vulnerable to such threats.