A new cryptocurrency phishing gang is targeting wallet users, stealing millions of dollars.

A new type of wallet theft scam called "Eleven Drainer" has emerged, appearing in the form of phishing-as-a-service, exacerbating the pressure on the cryptocurrency ecosystem against the backdrop of rampant phishing attacks. SlowMist founder Yu Xian stated that the organization's activities are becoming more frequent and have joined the ranks of other professional wallet thieves like Angel and Inferno Drainer. These services, which provide tools for large-scale scams, are expected to cause losses of $494 million in 2024, a 67% increase from the previous year. Security experts emphasize that user behavior remains the weakest link and urge users to develop good online habits to avoid becoming victims.

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