Datavault AI shares plunge 49.55% after losing access to 1,309 BTC tied to $150M Scilex deal on Biconomy

Datavault AI shares plunged 49.55% on October 27 after the company disclosed it cannot access 1,309 BTC held on the Biconomy exchange since June, bitcoin linked to a $150 million Scilex deal. The bitcoin treasury company will restate four financial reports; the accounting adjustment will reduce $92.2 million in reported assets by end of 2025.

Detected & updated continuously · Source: Nebula