Arrival Prabu: denies involvement in Ledger security incident, withdrew from CryptoBilis in March 2026

Arravind Prabu, former head of CryptoBilis, issued a statement denying any involvement in recent security incidents involving CryptoBilis and Ledger. Arravind Prabu stated that CryptoBilis has been acquired by a new team, and both himself and Vimalathietan have transferred all operational, management, and administrative responsibilities by March 2026. They no longer have access or management control over the company's backend systems, customer databases, order records, and enterprise communication channels. (Source: Cointelegraph)