#restatement - the daily grind

BREAKING

Oct 29Datavault AI Sold $150M of Stock for Bitcoin. It's Been Trying to Withdraw That Bitcoin Since June. Now It Says the Bitcoin Was Never an Asset●Oct 28Robinhood Made $173M From Bets Last Quarter and $120M From Crypto. The Same Day, Washington Sued a 10th State to Keep the Bets Legal●Oct 27Bloom Says 'No Private Keys Were Compromised.' Every One of the Drains Was Signed With the Wallet's Own Key, and It Took 94 Seconds●Oct 26Keystone Bragged 'Other Hardware Wallets Keep Your Data Forever. We Delete Your Shipping Info in 180 Days Max.' Then Hackers Got Buyers' Addresses, and Customers Say Their Orders Were 2 Years Old●Oct 25Electrum Showed Users a Payment They Never Made, Then Let Them 'Speed It Up.' Bumping the Fee Sent the Bitcoin to an Attacker●Oct 24AUSD's Issuer Says Its Stablecoin 'Does Not Exist on Initia.' A Hacker Minted 2 Million There Anyway and Left With 1.4M Real Ones. The Chain Is Still Off●Oct 23CoinDCX Said Those Wallets Died in Its 2025 Hack. Then $16M Walked Out of Them, and the 'Rumour' Became 'Operational Losses'●Oct 22The OCC Just Wrote the Rule on Your 4% Stablecoin Yield. It Won't Say If Coinbase's 3.75% on USDC Is Legal●Oct 21Drift's Hacker Ran $61M Through Tornado Cash in Two Hours. Seven Months In, Only $9.2M of the $295M Has Been Frozen●Oct 19Nobody Hacked Qubic's Chain. Its Seeds Were Just Guessable. 1,404 Wallets Emptied in 104 Minutes, and the Whole Network Is Still Off●Oct 29Datavault AI Sold $150M of Stock for Bitcoin. It's Been Trying to Withdraw That Bitcoin Since June. Now It Says the Bitcoin Was Never an Asset●Oct 28Robinhood Made $173M From Bets Last Quarter and $120M From Crypto. The Same Day, Washington Sued a 10th State to Keep the Bets Legal●Oct 27Bloom Says 'No Private Keys Were Compromised.' Every One of the Drains Was Signed With the Wallet's Own Key, and It Took 94 Seconds●Oct 26Keystone Bragged 'Other Hardware Wallets Keep Your Data Forever. We Delete Your Shipping Info in 180 Days Max.' Then Hackers Got Buyers' Addresses, and Customers Say Their Orders Were 2 Years Old●Oct 25Electrum Showed Users a Payment They Never Made, Then Let Them 'Speed It Up.' Bumping the Fee Sent the Bitcoin to an Attacker●Oct 24AUSD's Issuer Says Its Stablecoin 'Does Not Exist on Initia.' A Hacker Minted 2 Million There Anyway and Left With 1.4M Real Ones. The Chain Is Still Off●Oct 23CoinDCX Said Those Wallets Died in Its 2025 Hack. Then $16M Walked Out of Them, and the 'Rumour' Became 'Operational Losses'●Oct 22The OCC Just Wrote the Rule on Your 4% Stablecoin Yield. It Won't Say If Coinbase's 3.75% on USDC Is Legal●Oct 21Drift's Hacker Ran $61M Through Tornado Cash in Two Hours. Seven Months In, Only $9.2M of the $295M Has Been Frozen●Oct 19Nobody Hacked Qubic's Chain. Its Seeds Were Just Guessable. 1,404 Wallets Emptied in 104 Minutes, and the Whole Network Is Still Off●

BTC -- --%

ETH -- --%

Fear & Greed F&G 51 Neutral

#restatement

1 post

Datavault AI Sold $150M of Stock for Bitcoin. It's Been Trying to Withdraw That Bitcoin Since June. Now It Says the Bitcoin Was Never an Asset

Oct 29, 2026 · 4 min read

Nasdaq-listed Datavault AI took about 1,328 BTC from Scilex for $150M of stock in September 2025. The coins were credited off-chain to an account at Biconomy exchange. Datavault asked to withdraw them in June 2026 and still can't. Its October 26 8-K says the bitcoin should have been booked as a receivable, not an asset, which wipes up to $92.2M off past balance sheets. The stock fell about 50% in a day.