Parallel Finance charges $500 to help users withdraw $800,000 locked NFT.

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[Chain News] On August 23, it was reported that the now-defunct NFT lending platform Parallel Finance is charging users a fee of $500 to help them withdraw assets from the platform. Although Parallel Finance stopped supporting its NFT lending products after a six-month notice period, "blue-chip" NFTs worth over $800,000 are still held by its contracts. Due to the lack of front-end support for NFT lending, non-technical users are unable to manually withdraw their tokens, and the Parallel team charges a $500 fee to return these assets.

A founder emphasized this dilemma on a social platform and published a step-by-step guide on how to manually extract assets using a blockchain explorer. The founder found that there are still a large number of high-value NFTs locked on the platform. This includes 11 BAYC, 39 MAYC, and 2 Doodle. According to the current floor price data, these NFTs are worth over 800,000 dollars.

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OnChainSleuthvip
· 2h ago
500 withdrawal service fee? Why not go rob?
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StableGeniusDegenvip
· 08-23 02:11
Withdrawing 800,000 USD in blood, what do you think about this fee?
View OriginalReply0
liquidation_watchervip
· 08-23 02:10
Charging a service fee to unlock an NFT? That's a bit outrageous, isn't it?
View OriginalReply0
GasFeeNightmarevip
· 08-23 01:58
500 coin withdrawal fee, pretty much decided.
View OriginalReply0
BackrowObservervip
· 08-23 01:56
If it's really going to be like this, a $500 withdrawal fee is a bit harsh.
View OriginalReply0
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