View source for Patton Coin Fake Token Rug Pull

{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/pattoncoinfaketokenrugpull.php}}
{{Unattributed Sources}}

[[File:Pattoncoin.jpg|thumb|Patton Coin Logo/Homepage]]Patton is a meme coin on Ethereum representing Trump's first dog. Despite the official smart contract address being prominently displayed at the top of the website, another coin with the same Patton name and a completely different smart contract address managed to pick up a large amount of liquidity and trading on Uniswap. The smart contract was drained of ~$266k USD worth of liquidity a couple of days later.<ref name="slowmisthackedarchive-14117" /><ref name="dextools-14118" /><ref name="etherscan-14119" /><ref name="etherscan-14120" /><ref name="pattoncoin-14121" /><ref name="coinmarketcap-14122" /><ref name="etherscan-14123" /><ref name="etherscan-14124" />

== About Patton Coin ==
"PATTON Trump's First Dog"

"Has Trump chosen the first dog? Goldendoodle named Patton after the legendary WW2 general has been chosen by the president-elect and his son, says Palm Beach philanthropist. Many people think of him as a sweet animal, but few know that he goes chicken hunting at night."

"legendary WW2 general has been chosen by the president-elect and his son, says Palm Beach philanthropist, creates accumulation plans, uses bots with nodes on solana, has a bloomberg terminal, and knows the value of compound interest given his young age. PATTON is neither a cat nor a dog. He is ready to show his skills to everyone."

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Patton Coin Fake Token Rug Pull
!Date
!Event
!Description
|-
|May 11th, 2024 2:17:11 PM MDT
|Smart Contract Created
|The fake PATTON smart contract is created.
|-
|May 13th, 2024 3:37:47 AM MDT
|Blockchain Transaction
|The token is dumped. 123,820,343,872,779.282561216026992042 PATTON are sold for 89.213294666201897938 ETH.
|-
|May 13th, 2024 9:27:17 PM MDT
|SlowMist Look up
|SlowMist looks up the pair on DexTools fo rinclusion on their incident list.
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
The total amount lost has been estimated at $266,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
"Patton on the ETH appears to have exit scammed, resulting in a 100% price drop and causing losses exceeding $260,000."

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="slowmisthackedarchive-14117">[https://web.archive.org/web/20240604181151/https://hacked.slowmist.io/?c=&page=2 SlowMist Hacked - SlowMist Zone] (Jun 4, 2024)</ref>

<ref name="dextools-14118">[https://www.dextools.io/app/cn/ether/pair-explorer/0xb889ee5797ecc7c350c840382f77f5758b35b99e https://www.dextools.io/app/cn/ether/pair-explorer/0xb889ee5797ecc7c350c840382f77f5758b35b99e] (Jun 4, 2024)</ref>

<ref name="etherscan-14119">[https://etherscan.io/tx/0x9f2f86555f1922e5cea0db9ef3af907ad5f529b38c83d23962c6ca5f08ac94d1 Ethereum Transaction Hash (Txhash) Details | Etherscan] (Jun 4, 2024)</ref>

<ref name="etherscan-14120">[https://etherscan.io/tx/0xaded9f48502b26ce3ae2a831eeac02fbc6cbefd6640aecf375afd8e4cdad5956 Ethereum Transaction Hash (Txhash) Details | Etherscan] (Jun 4, 2024)</ref>

<ref name="pattoncoin-14121">[https://patton-coin.com/ PATTON | Trump's First Dog] (Jun 4, 2024)</ref>

<ref name="coinmarketcap-14122">[https://coinmarketcap.com/currencies/patton/ Patton price today, PATTON to USD live price, marketcap and chart | CoinMarketCap] (Jun 4, 2024)</ref>

<ref name="etherscan-14123">[https://etherscan.io/token/0xb23baa7c45a9539b847846fbb2066d2ee1ef9885 Patton (PATTON) Token Tracker | Etherscan] (Jun 4, 2024)</ref>

<ref name="etherscan-14124">[https://etherscan.io/token/0x2a961D752eAa791CBfF05991e4613290Aec0D9AC $0.00000588 | Patton (PATTON) Token Tracker | Etherscan] (Jun 4, 2024)</ref></references>