PANews reported on August 23rd that the now-defunct NFT lending platform, Parallel Finance, was charging users a $500 fee to withdraw their assets from the platform, according to Protos. Although Parallel Finance discontinued support for its NFT lending product after a six-month notice period, over $800,000 worth of "blue-chip" NFTs remained held in its contracts. Due to a lack of front-end support for NFT lending, non-technical users were unable to manually withdraw their tokens, and the Parallel team charged a $500 fee to return these assets. oSnipe founder 0xQuit highlighted this dilemma on the X platform and published a step-by-step guide on how to manually extract assets using the Etherscan block explorer. 0xQuit discovered that a large number of high-value NFTs remain locked on the platform. These include 11 BAYCs, 39 MAYCs, and 2 Doodles. Based on current floor prices, these NFTs are worth over $800,000.PANews reported on August 23rd that the now-defunct NFT lending platform, Parallel Finance, was charging users a $500 fee to withdraw their assets from the platform, according to Protos. Although Parallel Finance discontinued support for its NFT lending product after a six-month notice period, over $800,000 worth of "blue-chip" NFTs remained held in its contracts. Due to a lack of front-end support for NFT lending, non-technical users were unable to manually withdraw their tokens, and the Parallel team charged a $500 fee to return these assets. oSnipe founder 0xQuit highlighted this dilemma on the X platform and published a step-by-step guide on how to manually extract assets using the Etherscan block explorer. 0xQuit discovered that a large number of high-value NFTs remain locked on the platform. These include 11 BAYCs, 39 MAYCs, and 2 Doodles. Based on current floor prices, these NFTs are worth over $800,000.

The defunct NFT lending platform Parallel Finance charged users $500 in withdrawal fees for not withdrawing their funds in time.

2025/08/23 09:40
1 min read

PANews reported on August 23rd that the now-defunct NFT lending platform, Parallel Finance, was charging users a $500 fee to withdraw their assets from the platform, according to Protos. Although Parallel Finance discontinued support for its NFT lending product after a six-month notice period, over $800,000 worth of "blue-chip" NFTs remained held in its contracts. Due to a lack of front-end support for NFT lending, non-technical users were unable to manually withdraw their tokens, and the Parallel team charged a $500 fee to return these assets.

oSnipe founder 0xQuit highlighted this dilemma on the X platform and published a step-by-step guide on how to manually extract assets using the Etherscan block explorer. 0xQuit discovered that a large number of high-value NFTs remain locked on the platform. These include 11 BAYCs, 39 MAYCs, and 2 Doodles. Based on current floor prices, these NFTs are worth over $800,000.

Market Opportunity
SIX Logo
SIX Price(SIX)
$0.0104
$0.0104$0.0104
-0.85%
USD
SIX (SIX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin Price Drop Below $112,000 Sparks Market Unease

Bitcoin Price Drop Below $112,000 Sparks Market Unease

The post Bitcoin Price Drop Below $112,000 Sparks Market Unease appeared on BitcoinEthereumNews.com. Urgent: Bitcoin Price Drop Below $112,000 Sparks Market Unease Skip to content Home Crypto News Urgent: Bitcoin Price Drop Below $112,000 Sparks Market Unease Source: https://bitcoinworld.co.in/bitcoin-price-drop-market-6/
Share
BitcoinEthereumNews2025/09/22 15:20
Salvo Games Partners with WebKey to Power Scalable Web3 Gaming Using DePIN, Break Barriers of User Interaction with Web3

Salvo Games Partners with WebKey to Power Scalable Web3 Gaming Using DePIN, Break Barriers of User Interaction with Web3

By integrating with WebKey, Salvo provides users with scalable gaming streaming experiences and allows them to interact efficiently with Web3 applications.
Share
Blockchainreporter2025/09/19 17:00
mBit Casino Leads Bitcoin Gaming With 8,000+ Games, Fast Crypto Payouts, and Full Anonymity

mBit Casino Leads Bitcoin Gaming With 8,000+ Games, Fast Crypto Payouts, and Full Anonymity

The post mBit Casino Leads Bitcoin Gaming With 8,000+ Games, Fast Crypto Payouts, and Full Anonymity appeared on BitcoinEthereumNews.com. This content is provided by a sponsor. Discover mBit Casino, a leading Bitcoin casino with 8,000+ games, lightning-fast crypto withdrawals, provably fair play, VIP rewards, and full anonymity. Redefining the Crypto Casino Experience The rise of crypto casinos has reshaped the online gaming industry, with players increasingly prioritizing speed, privacy, and transparency. In this fast-evolving […] Source: https://news.bitcoin.com/mbit-casino-leads-bitcoin-gaming-with-8000-games-fast-crypto-payouts-and-full-anonymity/
Share
BitcoinEthereumNews2025/09/22 19:40