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The defunct NFT lending platform Parallel Finance charged non-technical users a "fee" of $500 to withdraw assets.
According to ChainCatcher news and Protos reports, the now-defunct NFT lending platform Parallel Finance is charging users a fee of $500 to help them withdraw assets from the platform. After a six-month notice period, Parallel Finance stopped supporting its NFT lending products, resulting in over $800,000 worth of "blue-chip" NFTs still locked in its smart contracts. Due to the abandonment of the platform's front-end support, non-technical users cannot manually withdraw their tokens, while the Parallel team is charging high fees to assist them in retrieving their assets. Yuga Labs' 0xQuit highlighted this predicament on X and published a step-by-step guide for manually withdrawing assets using the Etherscan blockchain explorer.