Our Crypto Talk | Rowan Energy Rug Pull Explained: How a Green Blockchain Left Investors Empty-Handed
Rowan Energy Rug Pull Explained: How a Green Blockchain Left Investors Empty-Handed
Rowan Energy shut down its blockchain on June 25, 2025, wiping out RWN token holders and device investors. Here's the full story behind the Rowan Energy rug pull.
The Rowan Energy rug pull has become one of the most talked-about crypto scandals of 2025.
On June 25, Rowan Energy abruptly shut down its blockchain, leaving RWN token holders and SmartMiner device owners with nothing. The company cited a pivot to “enterprise solutions”—but the community isn’t buying it.
Key Takeaways
Rowan Energy shut down its blockchain on June 25, 2025
$RWN token has lost over 90% of its value
Investors were left with worthless hardware and tokens
No clear recovery plan, refund process, or public communication
Community is actively exploring legal options
A Green Vision That Turned Red
Rowan Energy wasn’t always viewed with suspicion. Originally founded in 2011 and pivoting to crypto in 2018, the project pitched a powerful narrative: use blockchain to reward solar energy producers through $RWN tokens.
Users were encouraged to buy SmartMiner devices that would collect and validate solar data, earning them passive income.
At face value, it was a perfect mix of sustainability and decentralization but under the surface the cracks had been forming for years.
Rowan Energy Collapse: Red Flags That Were Ignored
The warning signs were always there—many simply didn’t want to believe them.
By mid-2025, a series of alarming events exposed Rowan’s fragility:
Unexplained hacks reported by users
Sudden stoppage of token payouts
RWN price crash of over 90%
Founder David Duckworth disappeared from public view
Telegram and Discord wiped clean
Community Left Holding the Bag
Many early adopters had invested thousands—some even six-figure sums—into SmartMiner hardware and RWN tokens.
Now, they have nothing to show for it.
One user, @DreadBong0, captured the sentiment:
“$RWN officially rugged. CEO nuked the token.”
Experts Had Warned Us
Crypto security researchers had raised red flags as early as 2021:
Closed-source codebase with no transparency
No public block explorer for independent verification
Presence of “secret mint” functions in the smart contract
An excessive percentage of tokens held by insiders
The Aftermath and Legal Fallout
As of now, there is:
No refund program for SmartMiner device buyers
No liquidity or plan to revive the RWN token
No public communication from Rowan’s leadership
Increasing community calls for legal action and regulatory investigation
Legal teams are discussing potential recourse, but hopes for recovery remain low. The Rowan Energy rug pull could rank among the most expensive collapses retail investors have faced in recent crypto history.
Trivia
David Duckworth, founder of Rowan Energy, once claimed the project would be “the first global green blockchain.” His disappearance following the collapse has only deepened the sense of betrayal among investors.
