Express

Collapsed NFT lending platform Parallel Finance charges non-technical users $500 'fee' to withdraw assets

Summary: According to Protos, the collapsed NFT lending platform Parallel Finance is charging users $500 to help them withdraw assets from the platform. With over $800,000 worth of 'blue-chip' NFTs still locked in its smart contracts after Parallel Finance ceased support for its NFT lending products with a six-month notice period, non-technical users are unable to ...

According to Protos, the collapsed NFT lending platform Parallel Finance is charging users $500 to help them withdraw assets from the platform. With over $800,000 worth of 'blue-chip' NFTs still locked in its smart contracts after Parallel Finance ceased support for its NFT lending products with a six-month notice period, non-technical users are unable to manually withdraw their tokens as the platform's frontend support has been abandoned. The Parallel team is assisting them in withdrawing assets by charging high fees. Yuga Labs' 0xQuit highlighted this dilemma on Twitter and released a step-by-step guide on manually withdrawing assets using the Etherscan blockchain explorer.

Last Update:

Tags:
Link: Collapsed NFT lending platform Parallel Finance charges non-technical users $500 'fee' to withdraw assets [Copy]

Last: Data: Huang Licheng closes all long positions except ETH, currently floating profit of $3 million

Next: Ethereum PoS Network Exit Queue Rises to Approximately 855,500 ETH, Join Queue Drops to Around 198,200 ETH

Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 1 day ago

CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 2 days ago

Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 9 days ago

GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 26 days ago

U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025