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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.<\/p>\n
As the industry is still trying to come to terms with the year’s largest DeFi hack at\u00a0Kelp DAO, another platform has announced it is shutting down.<\/p>\n
Related: Major DeFi hack becomes the largest of 2026 yet<\/strong><\/p>\n Netrunner is a Solana (SOL) tax tool that turns on-chain activity on the blockchain network\u00a0into clean, ready-to-file tax reports.<\/p>\n An AI-powered tool, it\u00a0automatically 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\u00a0Raydium, Magic Eden, etc.<\/p>\n It generates\u00a0IRS Form\u00a08949\u00a0for capital gains and losses,\u00a0Schedule D for your tax return summary, and Schedule 1 for crypto income like staking rewards and airdrops.<\/p>\n 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.<\/p>\n However,\u00a0Netrunner announced on Apr. 20 that it couldn’t\u00a0reach the scale to sustain the platform in the current market conditions and is therefore shutting down on Apr. 30.<\/p>\n The platform\u00a0asked 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.<\/p>\n Netrunner users need to follow the following steps before the platform shuts down on Apr. 30.<\/p>\n Review all fiscal years in the Netrunner account and reconcile as many transactions as possible towards 100% <\/strong>using the appropriate cost basis method.<\/p>\n<\/li>\n Go to the Tax Reports<\/strong> section and click the Download Tax Report <\/strong>modal. Several downloaded tax reports will appear.<\/p>\n<\/li>\n Choose the suitable tax report. First, click the Generate <\/strong>button and then the Download <\/strong>button.<\/p>\n<\/li>\n<\/ul>\n\n