REKT Projects

A short, sourced record of crypto projects that shut down. Each entry links to the announcement, exchange notice or report it relies on, so you can check it yourself and learn from what went wrong.

Token Crashes
Protocol Failures
Community Impact

Categories of Failure

Protocol Shutdown

Projects whose team ended operations

Token Distribution Issues

Projects with problematic token economics or distribution

Rug Pulls

Projects where developers exit scammed

Security Compromised

Projects compromised by hacks or exploits

REKT Projects Database

An entry is listed only with a primary source or a dated report, and an ISO date for the event. Sources checked 2026-10-10.

Vertex Protocol

$VRTX

SHUTDOWN
Protocol Shutdown

Vertex wound down its Arbitrum DEX and other EVM deployments to rebuild on Ink, Kraken's Layer 2, and sunset the VRTX token.

Date
  • A 2025-07-08 snapshot set eligibility for an INK airdrop to VRTX holders (1% of Ink's genesis supply).
  • Treasury and unvested VRTX were to be burned, and Ink's foundation took over the Vertex team and trading stack.
  • Vertex's own website and docs no longer load (checked 2026-10-10), so the dated report below is the main record.

Kadena

$KDA

SHUTDOWN
Protocol Shutdown

Kadena LLC, the company behind the Kadena blockchain, ended business operations and active maintenance of the chain.

Date
  • Kadena's website states: "Kadena LLC ended business operations on October 21 2025."
  • Binance.US delisted KDA on 2025-10-28, citing the organization's announcement (notice published 2025-10-24).

Learn from Their Mistakes

These projects serve as cautionary tales in the crypto space. Always do your own research, understand tokenomics, and be wary of projects with unclear roadmaps or excessive token concentrations.

Red Flags

  • • Anonymous teams
  • • Unclear tokenomics
  • • No working product
  • • Excessive hype

Warning Signs

  • • Large token concentrations
  • • Frequent delays
  • • Poor communication
  • • Changing roadmaps

Due Diligence

  • • Research the team
  • • Check token distribution
  • • VC Backing does not equal success
  • • Read the whitepaper