Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
Cardano 
Wrapped stETH 
Figure Heloc 
Wrapped Bitcoin 
Wrapped Beacon ETH 
Chainlink 
Hyperliquid 
Bitcoin Cash 
USDS 
Wrapped eETH 
Ethena USDe 
Binance Bridged USDT (BNB Smart Chain) 
Stellar 
LEO Token 
WETH 
WhiteBIT Coin 
Sui 
Coinbase Wrapped BTC 
Hedera 
Avalanche 
Zcash 
Litecoin 
Monero 
Shiba Inu 
Ethena Staked USDe 
Toncoin 
Dai 
USDT0 
Cronos 
Polkadot 
Mantle 
Bittensor 
MemeCore 
sUSDS 
Uniswap 
Aave 
World Liberty Financial 
USD1 
BlackRock USD Institutional Digital Liquidity Fund 
PayPal USD 
Bitget Token 
OKB 
Internet Computer 
NEAR Protocol 
Pepe 
Ethena 
Ethereum Classic 
Jito Staked SOL 
Binance-Peg WETH 
Falcon USD 
Jupiter Perpetuals Liquidity Provider Token 
Tether Gold 
Wrapped SOL 
Aptos 
Ondo 
Pi Network 
Aster 
USDtb 
POL (ex-MATIC) 
HTX DAO 
Worldcoin 
Dash 
KuCoin 
Rocket Pool ETH 
Provenance Blockchain 
Binance Staked SOL 
Arbitrum 
Official Trump 
Gate 
Algorand 
Pump.fun 
syrupUSDT 
Kelp DAO Restaked ETH 
PAX Gold 
StakeWise Staked ETH 
BFUSD 
Kinetiq Staked HYPE 
syrupUSDC 
Lombard Staked BTC 
Function FBTC 
Liquid Staked ETH 
Wrapped BNB 
VeChain 
Cosmos Hub 
Kaspa 
Story 
Sky 
Binance Bridged USDC (BNB Smart Chain) 
Jupiter 
Renzo Restaked ETH 
Flare 
Over $800,000 worth of “blue chip” NFTs are still being held in contracts of Parallel Finance, despite it pulling support for its NFT lending product after a six-month notice period.
With no front end support for NFT lending, non-technical users are unable to withdraw their tokens manually, and the Parallel team is reportedly charging a $500 fee to return the assets.
Yuga Labs’ 0xQuit highlighted the predicament on X, as well as posting a step-by-step guide on how to manually withdraw assets using the Etherscan block explorer.
Users were warned that support would be withdrawn in plenty of time; the Parallel Finance website contains a banner linking to an “Important Product Closure Notice.”
Published on January 31, the notice informs users that various services, including NFT lending, will be closed on August 1. “You will have six months from today to withdraw your funds. After this period, you won’t be able to withdraw,” it read.
It appears that some users didn’t heed the warnings, however. This is unsurprising, given the drop-off in the NFT sector since its peak in Spring of 2022.
Even a recent Pudgy Penguins promo push was seemingly forgotten within 24 hours.
0xQuit identified a number of NFTs from high-value collections still locked up on the platform. These included 11 Bored Ape Yacht Club, 39 Mutant Ape Yacht Club, and two Doodles.
According to current floor price data of the collections listed, the NFTs are worth in excess of $800,000, though tokens with specific traits may be worth more.
Screenshots appear to show a Telegram conversation with Parallel CEO Yubo Ruan in which a user is informed “there will be a $500 late fee for the asset withdrawal.”
Even without a user interface, it’s possible for users to withdraw their tokens by interacting with the contract directly. Manual withdrawal requires tracking down a user-specific proxy contract address as well as other info, and encoding a withdrawal transaction for each NFT collection.
0xQuit recognises that the “steps to recover aren’t intuitive, but they’re doable with some effort.” They add, “If you run into issues, drop a reply below and I’ll be happy to help (for free).”
Protos has reached out to Parallel CEO Yubo Ruan for comment, and this article will be updated if we hear back.
