#DatavaultAICantWithdrawBitcoinFromBiconomy
đš DATAVAULT AI ($DVLT) CRASHES 49.55% â BITCOIN WITHDRAWAL DISPUTE! â ïž
Datavault AI shares plunged to $0.067 on October 27 after the company disclosed that it had been unable to withdraw Bitcoin from Biconomy since June. Nearly 244 million shares traded.
đ WHAT HAPPENED?
đč Scilex transferred 1,309.04 BTC to Datavaultâs Biconomy account under a $150M investment deal.
đč Datavault later exchanged 491.431 BTC for approximately $40.5M in cash.
đč A requested Bitcoin withdrawal in June 2026 remained incomplete as of the companyâs October 26 filing.
đ FINANCIAL IMPACT
Datavault expects to restate four reporting periods, with reported assets reduced by:
âą $92.2M as of December 2025
âą $49M as of June 2026
The company also warned that its financial statements should no longer be relied upon until corrected.
â ïž THE BIG LESSON: Holding crypto balances on an exchange does not guarantee immediate access to those funds.
âż Does this case highlight the risks of exchange custody and corporate Bitcoin treasuries?
đŹ Share your thoughts below!
$BTC #Bitcoin #CryptoNews #BitcoinTreasury
đš DATAVAULT AI ($DVLT) CRASHES 49.55% â BITCOIN WITHDRAWAL DISPUTE! â ïž
Datavault AI shares plunged to $0.067 on October 27 after the company disclosed that it had been unable to withdraw Bitcoin from Biconomy since June. Nearly 244 million shares traded.
đ WHAT HAPPENED?
đč Scilex transferred 1,309.04 BTC to Datavaultâs Biconomy account under a $150M investment deal.
đč Datavault later exchanged 491.431 BTC for approximately $40.5M in cash.
đč A requested Bitcoin withdrawal in June 2026 remained incomplete as of the companyâs October 26 filing.
đ FINANCIAL IMPACT
Datavault expects to restate four reporting periods, with reported assets reduced by:
âą $92.2M as of December 2025
âą $49M as of June 2026
The company also warned that its financial statements should no longer be relied upon until corrected.
â ïž THE BIG LESSON: Holding crypto balances on an exchange does not guarantee immediate access to those funds.
âż Does this case highlight the risks of exchange custody and corporate Bitcoin treasuries?
đŹ Share your thoughts below!
$BTC #Bitcoin #CryptoNews #BitcoinTreasury
