Update
Datavault AI Unable to Withdraw Bitcoin from Biconomy
Datavault AI, a Nasdaq-listed company, has disclosed that it has been unable to withdraw Bitcoin from the crypto exchange Biconomy since June. The company has also stated that four sets of its financial reports can no longer be relied upon. The disclosure came in a Form 8-K filed on October 26, where Datavault AI requested a withdrawal to an external account in June but has been unable to complete the withdrawal. The Bitcoin traces back to a $150 million deal in September 2025, where Scilex Holding agreed to pay 1,309.04 BTC to Datavault AI. The restatements are expected to cut total assets by $8.1 million as of September 30, 2025.