Another way of typing the word “wrecked.” It’s a slang often used by the crypto and gaming community to describe crypto, NFT trader, or an online gamer who’s had themselves utterly ruined. You could say someone got rekt in a bearish market, for instance. An NFT community can also describe someone whose loss is beyond recovery as “rekt.”
Until it got blocked, there was even a Twitter bot called REKT that gathered information about people who’ve lost money on BitMEX.
- “Their FOMO in the pump and dump project later rekt them”
- “You can get rekt from a wrong investment decision.