Update
Cryptobilis Founder Reveals Company Sale
Cryptobilis founder Arravind Prabu has disclosed that the company was acquired by an undisclosed party earlier this year. Prabu acknowledged he assisted the current management team in some events but denied having any operational visibility into the company's day-to-day operations. He also clarified that since the sale was completed, he and the other co-founder have had 'zero access, credentials, visibility, or administrative control over Cryptobilis backend systems, customer databases, order histories, or corporate communication channels.' Despite this, Prabu recognized they had an advisory and coordination role in a smooth transition to new management. The acquisition occurred before the ongoing Ledger wallets exploit, which has caused over 90 million in losses, and Prabu recommended that customers not set up their wallets due to potential tampered devices sourced through Cryptobilis.