Major crypto platform shuts down amid market slump

The past few months have not been kind to the crypto industry. There is an ongoing crypto winter, and a cycle of hacks, shutdowns and bankruptcies does the opposite of assuaging the situation.

As the industry is still trying to come to terms with the year’s largest DeFi hack at Kelp DAO, another platform has announced it is shutting down.

Related: Major DeFi hack becomes the largest of 2026 yet

Netrunner is a Solana (SOL) tax tool that turns on-chain activity on the blockchain network into clean, ready-to-file tax reports.

An AI-powered tool, it automatically categorizes swaps, staking, perpetuals, non-fungible tokens (NFTs), liquidity pools, airdrops, stablecoin yield farming, and other activities on more than 46 Solana protocols such as Raydium, Magic Eden, etc.

It generates IRS Form 8949 for capital gains and losses, Schedule D for your tax return summary, and Schedule 1 for crypto income like staking rewards and airdrops.

The tool supports crypto taxpayers in the United States, Canada, Ireland, the United Kingdom, Germany, Italy, Spain, India, Japan, Australia, New Zealand, Nigeria, and South Africa.

However, Netrunner announced on Apr. 20 that it couldn’t reach the scale to sustain the platform in the current market conditions and is therefore shutting down on Apr. 30.

The platform asked users to export their data and download their tax reports before Apr. 30 and urged them to reach out to support on Discord if they encounter any issue.

Netrunner users need to follow the following steps before the platform shuts down on Apr. 30.

Review all fiscal years in the Netrunner account and reconcile as many transactions as possible towards 100% using the appropriate cost basis method.

Go to the Tax Reports section and click the Download Tax Report modal. Several downloaded tax reports will appear.

Choose the suitable tax report. First, click the Generate button and then the Download button.

Related: Another crypto platform suspends operations

This story was originally published by TheStreet on Apr 20, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.