The last few months have not been kind to the crypto industry. There is a crypto winter underway, and a cycle of hacks, shutdowns, and bankruptcies does the opposite of alleviating the situation.
While the industry is still trying to come to terms with the biggest DeFi hack of the year on Kelp DAO, another platform announced it is shutting down.
Related: Major DeFi Hack Becomes Biggest of 2026 Yet
Netrunner is a tax tool from Solana (SOL) that converts on-chain activity on the blockchain network into clean, file-ready tax reports.
An AI-powered tool, it automatically classifies swaps, staking, perpetuals, non-fungible tokens (NFTs), liquidity pools, airdrops, stablecoin yield farming, and other activities on 46+ Solana protocols, such as Raydium, Magic Eden, etc.
It generates IRS Form 8949 for capital gains and losses, Schedule D for your summary tax return, and Schedule 1 for crypto income such as 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 April 20 that it could not achieve the scale needed to sustain the platform under current market conditions and will therefore close on April 30.
The platform asked users to export their data and download their tax reports by April 30 and urged them to contact technical support on Discord if they encountered any issues.
Netrunner users should take the following steps before the platform shuts down on April 30.
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Review all fiscal years in the Netrunner account and Reconcile as many transactions as possible towards 100% using the appropriate cost basis method.
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Go to Tax reports section and click Download Tax Report modal. Several downloaded tax reports will appear.
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Choose the appropriate tax report. First, click Trigger and then the Discharge button.
Related: Another crypto platform suspends operations
This story was originally published by TheStreet on April 20, 2026, where it first appeared in the MARKETS section. Add TheStreet as a preferred source by clicking here.