Crypto Dictionary
Rekt
Definition
Slang for "wrecked." Used to describe a severe financial loss.
Deep Dive
"Rekt" is internet slang, originally from online gaming (short for "wrecked"), that has been widely adopted in the cryptocurrency community to describe suffering a severe financial loss. It implies being utterly destroyed or decimated financially due to a bad trade, a market crash, a scam, or a liquidation event. The term is often used with a sense of dark humor or self-deprecation among traders and investors who have experienced significant setbacks in the highly volatile crypto markets.
Examples & Use Cases
- 1A trader who used 10x leverage on Bitcoin futures got completely rekt when the price unexpectedly dropped 15% in an hour.
- 2After investing heavily in a promising new DeFi project, its smart contract was exploited, and all his funds were drained – he got totally rekt.
- 3Someone who bought into a pump and dump scheme at the very top learned they were rekt when the price plummeted by 90% minutes later.
Related Terms
LiquidatedBagholderMargin Call