Biconomy.com

Biconomy.com is a cryptocurrency exchange established in October 2019, founded and led by Dmitriy Sheludko, that offers spot and derivatives trading among other services. In April 2024 the Alberta Securities Commission placed Biconomy Ltd., whose associated website is biconomy.com, on its Investment Caution List. In September 2025 Biconomy bought shares of Semnur Pharmaceuticals from Scilex Holding Scilex Holding CompanyScilex Holding Company is a Nasdaq-listed pharmaceutical company headquartered in Palo Alto, California, that acquires, develops and commercializes non-opioid pain management products, including ZTlido, ELYXYB and GLOPERBA. It went public in November 2022 through a business combination with Vickers Vantage Corp. I, when Sorrento Therapeutics owned more than 96% of it. In September 2025 it exchanged shares of its majority-owned subsidiary Semnur Pharmaceuticals with Biconomy for bitcoin and used $150 million in bitcoin to buy Datavault AI shares; in October 2026 Datavault AI said it would record the deal as a subscription receivable and restate its financial reports.Open the full entry for bitcoin; Datavault AI Datavault AIDatavault AI is a Nasdaq-listed American technology licensing company with data science and acoustic science businesses, headquartered in Philadelphia, Pennsylvania. Formed in 2010, it operated in wireless audio as Summit Semiconductor, Summit Wireless Technologies and WiSA Technologies before taking its current name in February 2025. In October 2026 it disclosed that, since a June 2026 request, it had been unable to withdraw bitcoin tied to an equity deal with Scilex Holding from a Biconomy digital wallet, and that its financial statements from the third quarter of 2025 through the second quarter of 2026 should no longer be relied upon.Open the full entry, which held bitcoin in a Biconomy digital wallet, had still not completed by October 26, 2026, a withdrawal it requested in June 2026. A separate Web3 infrastructure project also uses the name Biconomy (biconomy.io).

Contents6 sections

Key facts

October 2019Establishment

Biconomy.com was established in October 2019 by Dmitriy Sheludko, its chief executive. It is registered in the British Virgin Islands and has no physical head office; its team works remotely.⁠[1]

It offers spot trading, derivatives with leverage of up to 100x, copy trading and an NFT marketplace, and has a native token, BIT.⁠[1]

April 2024Alberta Investment Caution List

On April 1, 2024, the Alberta Securities Commission added Biconomy Ltd. to its Investment Caution List, stating that it was not registered to trade in or advise on securities or derivatives in Alberta and naming biconomy.com as its associated website; the commission recommends that investors not deal with unregistered firms.⁠[2]

September 2025Semnur Shares and Scilex Engagement

On September 23, 2025, Biconomy PTE.LTD agreed to buy 12.5 million Semnur Pharmaceuticals shares from Scilex Holding at $16.00 each, paid in bitcoin; the deal closed on September 25.⁠[3]

Scilex said it had engaged Biconomy.com to collaborate on future cryptocurrency strategies. Biconomy chief executive Dmitry Sheludko said, “I am very excited to work with Scilex on their next endeavor in the crypto space.”⁠[4]

September 2025–June 2026Datavault AI’s Bitcoin Account

In September and November 2025 Scilex credited 1,309.04 bitcoin to Datavault AI’s Biconomy account by off-chain transfer, meaning the exchange updated balances rather than moving bitcoin on-chain.⁠[5]

Datavault requested a transfer of the bitcoin to an external account in June 2026; it had not been completed when Datavault filed its disclosure on October 26, and the filing gave no cause.⁠[5]

Name: Namesake Project

Another project named Biconomy, at biconomy.io, describes itself as a universal execution layer for Web3, offering cross-chain transactions and gas sponsorship.⁠[6]