According to CoinMeta, the former person in charge of Cryptobilis, Arravind Prabu, issued a statement denying any involvement in the recent security incidents involving Cryptobilis and Ledger. He stated that Cryptobilis has been acquired by a new team, and he and Vimalatheethan handed over all operational, management, and administrative responsibilities in March 2026. They no longer possess access rights or management control over the company's backend systems, customer databases, order records, or corporate communication channels.