The term 'rekt' comes from gaming culture but became crypto shorthand for suffering catastrophic losses. It's what happens when someone gets overconfident - maybe they YOLO into a leveraged position right before a crash, or ignore obvious red flags on a shady token.
What makes it different from regular losses is the element of self-inflicted disaster. The Paybis team actually wrote a solid explainer breaking down famous 'rekt' moments in crypto history, like the Luna collapse or the Squid Game token rug pull.
The term 'rekt' comes from gaming culture but became crypto shorthand for suffering catastrophic losses. It's what happens when someone gets overconfident - maybe they YOLO into a leveraged position right before a crash, or ignore obvious red flags on a shady token.
What makes it different from regular losses is the element of self-inflicted disaster. The Paybis team actually wrote a solid explainer breaking down famous 'rekt' moments in crypto history, like the Luna collapse or the Squid Game token rug pull.