{"id":6651,"date":"2019-08-01T13:25:39","date_gmt":"2019-08-01T13:25:39","guid":{"rendered":"https:\/\/qa-front.dev.techhub.cloud\/blog\/?page_id=944"},"modified":"2025-12-15T15:50:12","modified_gmt":"2025-12-15T15:50:12","slug":"what-is-rekt","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/what-is-rekt\/","title":{"rendered":"REKT"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">With the introduction of <\/span><a href=\"https:\/\/paybis.com\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> margin trading, the term REKT rose in popularity. But what exactly does it stand for?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is REKT?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The term used to refer to people who make a very poor trade and lose a large amount of funds as a result. The term was initially created by gamers of first-person shooter games and is a derivative of the word \u201cwrecked\u201d.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">So how does this fit in the context of cryptocurrencies?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are numerous occasions where individuals have made wrong predictions that resulted in the loss of tens or even hundreds of millions of dollars. On such occasions, the cryptocurrency community states that such traders \u201cgot REKT\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Losing such substantial amounts is, as aforementioned, often the result of <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/m\/margin.asp\"><span style=\"font-weight: 400;\">margin trading<\/span><\/a><span style=\"font-weight: 400;\">. On such occasions, a person\u2019s losses are not just limited to his own money, but also to money borrowed from an exchange to trade at higher levels.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Where can I see who got REKT?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cryptocurrency exchange Bitmex was one of the first exchanges to introduce cryptocurrency margin trading. Since then, there are Social media channels like <\/span><a href=\"https:\/\/twitter.com\/bitmexrekt?lang=en\"><span style=\"font-weight: 400;\">REKT<\/span><\/a><span style=\"font-weight: 400;\">, that are focused on sharing information related to large losses that occur within the exchange.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term used to refer to people who make a very poor trade and lose a large amount of funds as a result.<\/p>\n","protected":false},"featured_media":0,"template":"","glossary_letter":[293],"glossary_term":[284,281],"class_list":["post-6651","glossary","type-glossary","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>REKT Meaning: How Crypto Traders Lost Everything in 2025<\/title>\n<meta name=\"description\" content=\"&quot;REKT&quot; means total loss. 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