Parallel Finance, the defunct NFT lending platform, charged non-technical users $500 "fees" to withdraw assets
2025-08-23 00:45:04
Parallel Finance, the defunct NFT lending platform, is charging users $500 to help them withdraw assets from the platform, Protos reports. More than $800,000 of "blue-chip" NFTs remain locked into its smart contracts as ParallelFinance discontinued support for its NFT lending product after a six-month notice period. As the platform's front-end support has been scrapped, non-technical users are unable to manually withdraw their tokens, while the Parallel team is helping them withdraw assets by charging hefty fees. Yuga Labs' 0xQuit highlighted the dilemma on X and released a step-by-step guide to manually withdraw assets using the Etherscan blockchain browser.
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