Rekt

Rekt is a popular term in the NFT and crypto community and is a play on the word “wrecked”. Getting Rekt on a Non-Fungible Token (NFT) project could refer to any number of negative scenarios including a market crash, a rug pull, or any other negative outcome. Rekt is also the name of a popular decentralized finance (DeFi) website which covers cryptocurrency news stories about DeFi and smart contract hacks.