4.2M Stolen in 3 Weeks | Eleven Drainer Scam Uncovered
Edited By
Olivia Jones
A new scam service, Eleven Drainer, has reportedly siphoned off $4.2 million in cryptocurrency within a mere three weeks. Launched in August 2025, this Russian-based operation has become notorious for using phishing tactics to deceive people into authorizing fraudulent transactions.
What Is Eleven Drainer?
Eleven Drainer is part of a troubling trend known as scam-as-a-service platforms. Other infamous names in this category include Inferno and Angel Drainer. The service operates by mimicking legitimate Web3 projects, luring unsuspecting individuals through expertly crafted phishing websites.
"The operators focus on highly convincing tactics that make detection difficult."
How It Operates
Eleven Drainer provides malicious toolkits to its clients, who then implement these on sites pretending to be genuine projects. Promotional efforts often involve compromised social media channels or fake ads promising rewards like exclusive airdrops or free tokens. Once a person connects their wallet and approves a transaction, the scam unfolds instantly, sending assets to designated wallets.
Wallet Activity
A glance at the wallets associated with Eleven Drainer reveals troubling inflows and outflows:
Main Contract: 0x696704201839A250EE777372C5B33D0B86d9d42C
Admin Wallets: 0x9867513a84Fc4829Db89e7e1A6BE1be319Db03a2, 0xC00622f392b7b71158CC2a79B313461D6415dF6B
Investigations have shown that these wallets primarily receive the bulk of stolen assets. During a recent surge of activity between November 6-8, 2025, significant losses were recorded.
Notable Incidents
In a recent attack, Eleven Drainer was implicated in a front-end exploit involving Aerodrome and Velodrome, resulting in losses exceeding $700,000 in just hours. A security breach redirected users to fake sites, leading to numerous unauthorized transactions.
"Once users connect their wallets, they lose control. It's a serious risk."
Funds Laundering
The illicit proceeds from Eleven Drainer appear to flow into two main wallets:
0x22F5094497215d625e7Ee3FBFBBbe7Bc45eC563D
0xb8e059e617e6998A5d218f9bcd23e804155c71A2
With approximately $475,000 currently inactive but at risk of being laundered, experts warn that swift action is critical to prevent further losses.
Key Takeaways
Scam Service Emergence: Eleven Drainer's launch marks a troubling increase in phishing-related attacks.
Operational Method: Malicious kits provided to clients lead to high losses for victims.
Risky Wallet Connections: "Your wallet could become a target."
Stay alert as this situation develops, and remember, the allure of quick rewards can often hide significant risks.
What Lies Ahead for Eleven Drainer?
There's a strong chance that Eleven Drainer's tactics will continue evolving. Experts estimate that a wave of similar platforms may emerge, potentially infesting the cryptocurrency space, as fraudsters seek quick gains amid the chaos. As people become more aware of these tactics, a 60% chance exists for heightened cybersecurity measures within wallets and exchanges. Law enforcement could also ramp up investigations, culminating in arrests or the freezing of fraudulent wallets in about 30% of cases by early 2026. However, the ever-tempting allure of quick rewards may keep people vulnerable to such scams, presenting a constant threat in the cryptocurrency landscape.
Parallels in Deception: The Ponzi Scheme Reemerge
The rise of Eleven Drainer draws a striking parallel to the infamous Ponzi schemes of the 1920s. Just as Charles Ponzi lured investors with false promises of quick returns, modern scams leverage cutting-edge technology to exploit emotions and weaknesses. Both rely on a web of deceit, where the genuine appearance of success leads to a cycle of victimization. In both scenarios, the quick thrill can mask profound risks, signaling a timeless struggle between trust and betrayal in the pursuit of wealth. This insight reminds us that history often finds a way to repeat itself, regardless of the tools used to execute such schemes.