Datavault AI’s stock dropped nearly 50% after the company said it could not withdraw its Bitcoin from Biconomy, the exchange where the assets were held.
Because the Bitcoin could not be accessed, Datavault AI had to revise its financial statements and reduce previously reported figures by about $92 million. The news raised concerns about how crypto-focused companies store, control, and verify the digital assets on their balance sheets. #FedWatch #CanMicrosoftDeliverOnAI #FedWatch