Defunct NFT lender Parallel Finance charges users $500 to withdraw assets
Over $800,000 worth of “blue chip” NFTs are still being held in contracts of Parallel Finance, despite it pulling support for its NFT lending product after a six-month notice period. With no front end support for NFT lending, non-technical users are unable to withdraw their tokens manually, and the Parallel team is reportedly charging a $500 fee to return the assets. Yuga Labs’ 0xQuit highlighted the predicament on X, as well as posting a step-by-step guide on how to manually withdraw assets using the Etherscan block explorer. The vaults of the now defunct Parallel Finance own 11 BAYC, 39 MAYC, and 2 Doodles. The frontend is deprecated, leaving nontechnical users stuck, and the founder is charging a $500 fee to help. If your assets are stuck, here's a step by step to extract them: 1/ pic.twitter.com/JFJSDqEfPK — Quit (@0xQuit) August 21, 2025 Read more: Pudgy Penguins CEO’s Instagram hacked to shill Pump Fun token Users were warned that suppo...