Soak the cashews in hot water for 30 minutes, then drain.
Add the drained cashews to a high-speed blender.
Add the nutritional yeast, garlic powder, onion powder, smoked paprika, and chili powder.
Pulse a few times to break down the cashews.
With the blender running on low, slowly drizzle in warm water until you reach your desired consistency.
Season with kosher salt and additional chili powder to taste.
Add a dash of urfa chili for extra depth if desired.
Transfer to a serving bowl and serve with crudités, chips, or drizzle over your favorite dishes.