Well, it is yet another week and yet another exit scam. This episode involved Rowan Energy and their $RWN token, which is now worthless. Rowan Energy claimed to have a green blockchain project that enabled users to earn rewards for energy use and, getting involved with solar energy mining. In fact, they recently sponsored Solar & Storage Live in London, where they touted over £400K payouts to users in May of 2025.

On June 25, Rowan Energy shut down their public blockchain, deleted their entire Telegram channel, wiped all project content off X, and left thousands of $RWN coin holders holding the bag. No refunds, no bridge, no nothing. Their founder David Duckworth completely vanished from the public scape. If this was not a crypto rug pull, I am not sure what is.

Not Just Low-Caps: Even "Legitimate" Tokens Collapse
The thing is, this is no longer restricted to only VERY low cap tokens, there are legitimate-looking altcoins that are also crashing too.

Mantra ($OM token) went from $6.30 to under $0.50. Insiders sold over 44 million $OM across multiple exchanges which wiped out nearly $6 billion in market cap.

$LIBRA, just another Political-meme coin, lost approximately 94% within a couple of weeks. 

$MELANIA had similar value collapse after media celebrities hyped it up.

Upon further inspection, they might all be called celebrity coins, political tokens, or just tokens with hype, nevertheless, its obvious that we are behind crypto investor protection.

Some of the numbers from Cryptorank and CertiK:


2024:   
410+ hacks and DeFi exploits 
$2.01 billion in losses 
58 rug pull tokens like SHARPEI, a zkSync scam, and the normal exit token scam from a token.   

First half of 2025:
290+ crypto related incidents thus far, including: 
Over $2.5 billion dollars lost to breached crypto exchanges, token exploits, and liquidity exits. 

The Bybit hack (associated with the Lazarus group) withdrew just over $1.5 billion alone. 

Both rug pull incidents, Rowan Energy and Mantra show that even "trusted" projects are rug pulls as well.

Should the Government say something, or regulate rug pulls or token scams? 
With Trump on record leaning even further into crypto adoption and Web3 innovation, we should consider, could his administration also focus on regulations or fraud prevention for crypto? 

Possible policy goals: 
Mandatory smart contract audits prior to any token sales (or any token offering) 
Require a liquidity lock mechanism, on all DEX launches 
Criminal Penalties for founders, for pump-and-dump token schemes. 
What could a "global or cooperative approach for detecting crypto hackers, scams, or dishonest DeFi behaviors look like?" Would AML apply with the involvement of a state sponsored regime?

What Do You Think?

• Should we see stronger laws, or will that kill innovation?
  Is regulation going to help—or just push scams elsewhere?
  And what kind of framework could even work in this space?