You could create something like this with a Roughen effect in Illustrator.

1. Type some bold text

2. Draw some horizontal lines and use the variable width profile

[![enter image description here][1]][1]

3. Group everything

4. In the Appearance panel, add a *Distort & Transform > Roughen* effect

[![enter image description here][2]][2]Click to see larger

This could be taken further, to degrade the image even more. You could manually round some of the corners, then take a screenshot, autotrace the image in Illustrator, reduce the number of anchors and corners in the trace settings, and then after tracing add more roughening.

Here's an example of that:

[![enter image description here][3]][3]Click to see larger


  [1]: https://i.sstatic.net/BOwrB1iz.png
  [2]: https://i.sstatic.net/DaAPgad4.png
  [3]: https://i.sstatic.net/itZXKBzj.png