Parallel Finance, a platform led by Yubo Ruan and supported by oSnipe’s 0xQuit, has closed its NFT lending product, leaving users with valuable assets stuck. The closure requires manual asset retrieval at a $500 withdrawal fee per asset. This sudden shut down has sparked user frustration due to the complex process and substantial fees. The platform’s removal of its user interface left many stranded with over $800,000 in high-value NFTs. Experts like 0xQuit have offered guidance for retrieving these NFTs, but the sudden closure and associated costs highlight a unique challenge in the NFT space. This shutdown has raised questions about potential regulatory impacts and how to ensure smooth asset retrieval in the future.