Deep Tide TechFlow news, on August 23, according to Protos, the NFT lending platform Parallel Finance (formerly ParaX), which announced its shutdown in January this year, is charging users a fee of $500 to help them withdraw assets from the platform. Due to Parallel Finance ceasing support for its NFT lending products after a six-month notice period, over $800,000 worth of blue-chip NFTs remain locked in its smart contracts, while the platform's front end has been abandoned, preventing non-technical users from manually withdrawing their assets. The Parallel Finance team is taking advantage of this situation to charge high fees.
Additionally, Yuga Labs team member 0xQuit was the first to point out this issue on the X platform and also released a tutorial on how to manually withdraw assets using the Etherscan block explorer; Parallel Finance CEO Yubo Ruan told the media, 'Please follow 0xQuit's tutorial for asset withdrawal, as the platform officially closed on August 1, 2025. Otherwise, all remaining NFTs will be liquidated to provide liquidity to lenders.'
