Crypto
Datavault AI Shares Plunge Nearly 50% After Unable to Access Bitcoin Holdings
Datavault AI cannot withdraw bitcoin credited via a $150 million Scilex deal from Biconomy since a June 2026 request, requiring restatement of multiple financial periods. The accounting correction will reduce reported assets by $92.2 million at end-2025 as the BTC cannot be recognized as a company digital asset. Hackers breached Bithumb's internal mobile groupware system used by employees for messaging and work, separate from the trading platform with no customer crypto assets lost.
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Datavault AI Shares Plunge Nearly 50% After Unable to Access Bitcoin Holdings
- FactDatavault AI cannot withdraw bitcoin credited via a $150 million Scilex deal from Biconomy since a June 2026 request, requiring restatement of multiple financial periods.
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