Former CryptoBilis head denies involvement in Ledger security incident, says he exited company operations in March and has no system access

Odaily reports: Arravind Prabu, former head of crypto hardware wallet reseller CryptoBilis, has issued a statement regarding the recent security incident involving CryptoBilis and Ledger, denying any connection to the matter.

Arravind stated that CryptoBilis was previously acquired by a new team, and that he and Vimalatheethan formally handed over all operational, management, and administrative responsibilities of the company in March 2026. Since the handover was completed, neither individual has had any access or administrative control over the company's backend systems, customer databases, order records, or corporate communication channels. (Cointelegraph)