BREAKING đš
Datavault AIâs Bitcoin treasury has collapsed, with the firm reporting a 50% plunge after it confirmed it cannot access the BTC stored on Biconomy đ.
The company disclosed an accounting correction that will slash reported assets by $92.2âŻmillion at the close of 2025, effectively erasing half of its disclosed Bitcoin holdings. Investors reacted sharply, driving the tokenâs market value down and sparking concerns over custodial security across the crypto ecosystem. Analysts warn that the incident could prompt tighter oversight of thirdâparty storage solutions and may trigger a wave of reâvaluation for similar treasuryâbacked projects. Meanwhile, Binance Square is monitoring the fallout closely to advise clients on risk exposure.
The situation remains fluid, and further updates will be provided as they emerge đ.
$HAEDAL, $SNXXB, $EVAA
Datavault AIâs Bitcoin treasury has collapsed, with the firm reporting a 50% plunge after it confirmed it cannot access the BTC stored on Biconomy đ.
The company disclosed an accounting correction that will slash reported assets by $92.2âŻmillion at the close of 2025, effectively erasing half of its disclosed Bitcoin holdings. Investors reacted sharply, driving the tokenâs market value down and sparking concerns over custodial security across the crypto ecosystem. Analysts warn that the incident could prompt tighter oversight of thirdâparty storage solutions and may trigger a wave of reâvaluation for similar treasuryâbacked projects. Meanwhile, Binance Square is monitoring the fallout closely to advise clients on risk exposure.
The situation remains fluid, and further updates will be provided as they emerge đ.
$HAEDAL, $SNXXB, $EVAA
