arXiv:2610.30226v1 Announce Type: new Abstract: Phishing relies on visual deception, traditionally requiring web-development skills or pre-built kits. LLMs erode this barrier by generating functional websites from natural-language prompts, yet prior work does not answer how far LLM-driven generation actually reaches: functionality is assessed by inspection rather than execution; visual fidelity is scored by automated metrics or a few internal coders rather than the humans such pages aim to deceive; evaluation is confined to commercial models; and no study benchmarks generated pages against phishing kits deployed in the wild. We present PhishGen, a framework that evaluates the appearance fidelity and end-to-end functionality of LLM-generated phishing pages. PhishGen constructs prompts across three input modalities in seven combinations with twelve safeguard-bypassing rewriting strategies, generates pages using 14 LLMs spanning commercial, open-source, and uncensored categories, and assesses each via automated similarity metrics, reference-based detectors, a crowdsourced user study, and execution-based functionality testing, benchmarking all results against 64 real-world phishing kits. Although 96.2% of safeguard-bypassing outputs render, their perceived fidelity is modest (2.02/5), and only 38.7% complete the full credential-harvesting pipeline, with the Unsaved error as the largest failure mode. Contrary to the belief that uncensored models pose the greatest threat, GPT 4.1 reaches 86.3 to 94.1% functional success while uncensored models rarely exceed 45.4%. Phishing kits remain more complete per sample, yet three strong LLMs surpass the kit-level rate (70.9 to 89.7%), showing that LLMs trade average completeness for scalable, low-barrier generation of working phishing pages. We further identify generator-level fingerprints that current similarity-based defenses miss, and distill recommendations for hybrid detectors.