Datavault AI can't withdraw $65M in Bitcoin stuck on obscure exchange Biconomy

Datavault AI received about 1,309 BTC from Scilex as payment for shares and credited them to a wallet on the little-known Biconomy exchange. Since June 2026 it has been unable to withdraw the remaining ~817.6 BTC, worth roughly $65 million, and in its October 26 filing said prior financial statements can no longer be relied upon.

• Scilex paid $150 million in Bitcoin for 15 million shares and warrants on 263.9 million more
• About 817.6 BTC, worth roughly $65 million, remains on the Biconomy wallet
• A withdrawal request was made in June 2026 but has not been completed
• Datavault is reassessing its going-concern evaluation over uncertainty with Scilex