Rowan Energy Rug Pull Leaves RWN Token Holders Empty-Handed After Blockchain Shutdown

June 25, 2025 – Rowan Energy, a long-running “green energy blockchain” project, has abruptly shut down its public blockchain, leaving RWN token holders and device investors empty-handed. The project, founded in 2011 and rebranded into crypto in 2018, cited a “pivot to enterprise solutions.” But many in the community are calling it what it appears to be — a rug pull.

Key Takeaways

• Rowan Energy shut down its public blockchain on June 25, 2025
• RWN token has collapsed by over 90 percent
• Investors face losses on SmartMiner devices and tokens
• No refunds or clear path to recovery provided
• Community is pursuing legal options but expects little recourse

A Promising Start Turned Sour

Rowan Energy first made headlines by promising to reward solar energy users with $RWN tokens, creating a decentralized energy market that would benefit both consumers and the planet. The project sold SmartMiner devices, billed as tools to earn RWN by feeding solar data to the blockchain.

But years of community concern over lack of transparency have finally come to a head.

Red Flags and Collapse

Multiple red flags emerged in recent months:

• User-reported blockchain hacks
• Payouts stopped without notice
• RWN token crashed 90 percent
• CEO David Duckworth disappeared from public view
• Official community channels were wiped

On June 25, 2025, Rowan officially retired its blockchain, erasing any remaining hope for investors.

Community Outrage

Many early adopters had spent thousands — even six figures — on SmartMiner devices and RWN tokens. Now, with no liquidity and no refund path, community members are pushing for legal action and regulatory complaints.

Crypto commentator @DreadBong0 summed up the sentiment on X:
“$RWN officially rugged. CEO nuked the token.”

Warning Signs Were There

Crypto analysts pointed out concerns as early as 2021:

• Closed-source code
• No public block explorer
• “Secret mint” functions hidden in the contract
• Excessive team-held token supply

Despite these warnings, many users trusted the project’s “green” branding and promises of decentralization.

David Duckworth, Rowan Energy’s founder, once described Rowan as “the first global green blockchain.” His disappearance after the collapse has fueled further criticism.