New Phishing Group Eleven Drainer Emerges, Stealing $494M in 2024

In accordance with BeInCrypto, a new phishing-as-a-service group known as Eleven Drainer has emerged, intensifying pressure on the crypto ecosystem. SlowMist founder Yu Xian reported that the group has been increasingly active in recent weeks, joining other professionalized draining services like Angel and Inferno Drainer. These phishing kits provide cloned websites, deceptive social media accounts, and smart contract scripts, enabling large-scale scams with minimal effort. In 2024, drainers were responsible for an estimated $494 million in losses, a 67% increase from the previous year. Security experts emphasize that user behavior remains the weakest link, with attackers using social engineering to trick users into signing away assets. Xian advised users to avoid unfamiliar websites, examine wallet signature requests carefully, and resist approving transactions under pressure.