{"id":167844,"date":"2025-08-25T10:00:34","date_gmt":"2025-08-25T07:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=167844"},"modified":"2025-08-25T09:34:39","modified_gmt":"2025-08-25T06:34:39","slug":"parallel-finance-shutdown-leaves-800k-in-nfts-stuck-in-vaults","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/parallel-finance-shutdown-leaves-800k-in-nfts-stuck-in-vaults\/","title":{"rendered":"Parallel Finance Shutdown Leaves $800K in NFTs Stuck in Vaults"},"content":{"rendered":"
On-chain analyst 0xQuit flagged the issue after spotting collections such as Bored Ape Yacht Club, Mutant Apes, and Doodles still locked inside Parallel vaults. At current floor prices, the trapped assets are worth more than $800,000, though rare traits could push the total higher.<\/p>\n
Parallel had disclosed back in January that NFT lending and other services would shut down on August 1, giving customers six months to withdraw. But with NFT trading volumes a fraction of their 2022 highs, many overlooked the warning. Now, with the site\u2019s front-end removed, the only way to claim assets is by interacting directly with contracts on Etherscan \u2014 a technically demanding process few casual collectors can manage.<\/p>\n
Screenshots circulating online show CEO Yubo Ruan telling users that each late withdrawal would incur a $500 fee, sparking outrage. Ruan defended the policy, pointing to community guides such as 0xQuit\u2019s tutorial, and warning that any NFTs left behind would eventually be liquidated to repay lenders.<\/p>\n