The cryptocurrency industry has been facing a tough time in recent months, with a series of hacks, shutdowns, and bankruptcies contributing to a crypto winter. The largest DeFi hack of the year at Kelp DAO has sent shockwaves through the industry, and now another platform, Netrunner, has announced that it is shutting down.
Netrunner is a Solana (SOL) tax tool that helps users turn their on-chain activity on the blockchain network into clean and ready-to-file tax reports. This AI-powered tool automatically categorizes various activities such as swaps, staking, NFTs, liquidity pools, and more across more than 46 Solana protocols like Raydium and Magic Eden. It generates IRS Form 8949 for capital gains and losses, Schedule D for tax return summaries, and Schedule 1 for crypto income like staking rewards and airdrops.
Unfortunately, Netrunner announced on April 20 that it is unable to sustain the platform in the current market conditions and will be shutting down on April 30. Users are advised to export their data and download their tax reports before the shutdown date. The platform has also encouraged users to reach out to support on Discord if they encounter any issues.
Before the shutdown on April 30, Netrunner users need to follow specific steps, including reviewing all fiscal years in their account, reconciling transactions, and downloading tax reports from the platform. It is essential for users to take action before the deadline to ensure they have access to their data and reports.
The cryptocurrency industry continues to face challenges, with platforms like Netrunner suspending operations due to market conditions. It is crucial for users to stay informed and take necessary steps to safeguard their assets and financial information in this volatile market.
This article was originally published by TheStreet on April 20, 2026, and has been repurposed for the WordPress platform. Stay updated on the latest developments in the cryptocurrency industry to protect your investments and navigate through the ongoing crypto winter.
