The term for today is REKT .
Borrowed from online gaming slang, REKT means wrecked or ruined, usually in reference to a big loss suffered in a cryptocurrency trade.
An example from a reddit post: "I saw a 12 Million Dollar position get liquidated last night, some people got completely rekt ."
Crypto users can also be REKT if their online wallets get hacked or they invest in a scam.
In short, any misfortune in the crypto world can leave a crypto user REKT .
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.