May 2024 - Patton Coin Fake Token Rug Pull - $266k (Global)
"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."
"Patton on the ETH appears to have exit scammed, resulting in a 100% price drop and causing losses exceeding $260,000."
Further Analysis
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.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
PI Network On Polygon Rug Pull > > < < Tsuru On Base Contract Vulnerability
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
https://www.dextools.io/app/cn/ether/pair-explorer/0xb889ee5797ecc7c350c840382f77f5758b35b99e (Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
PATTON | Trump's First Dog (Dec 31)
Patton price today, PATTON to USD live price, marketcap and chart | CoinMarketCap (Dec 31)
Patton (PATTON) Token Tracker | Etherscan
(Dec 31)
$0.00000588 | Patton (PATTON) Token Tracker | Etherscan
(Dec 31)
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