Parallel Finance Closure Results in $800K Worth of Unclaimed NFTs

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 25 2025

Parallel Finance Shutdown: The NFT lending platform Parallel Finance has shut down, leaving $800,000 in NFTs inaccessible and imposing a $500 withdrawal fee on users.
User Frustration: Affected users are frustrated by the high manual withdrawal fee and the sudden halt of services, raising concerns about asset security and protocol integrity.
Asset Recovery Guidance: Co-Founder Yubo Ruan has urged users to follow community tutorials for asset recovery, specifically recommending 0xQuit's Etherscan guide.
Potential Regulatory Impact: The shutdown may lead to regulatory scrutiny and influence future NFT regulations, as user frustration grows over the handling of locked assets.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Parallel Finance Closure Results in $800K Worth of Unclaimed NFTs

About the author

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