Rekt

The crypto space equivalent of ‘wrecked,’ a slang used to describe devastating loss of asset value or liquidation.

Rekt is crypto space vernacular for ‘wrecked.’ The slang is used to describe situations in which there is an overwhelming loss or failure, especially with regards to investments. Moreover, the term may also be used to describe the market when prices are falling beyond expectations. So, a crypto trader or investor may be referred to as having been rekt by a poorly performing coin or generally horrible market conditions.