Arravind Prabu

In 2019, Arravind Prabu co-founded Fetch International with Vimal Selvamany; the company developed products including a cryptocurrency payment gateway, crypto gift cards and crypto wallets.⁠[1]

In December 2020, he, Vimal Selvamany and Dhivager Rathakrishnan decided to create CryptoBilis, a crypto merchandise and commerce store under Fetch International that also acted as an authorized reseller of Ledger hardware wallets.⁠[1]

On May 27, 2022, as co-founder of CryptoBilis, he was among the hosts of “Bitcoin Pizza Day 2022,” which the company co-organized with Tokenize Xchange and Cryptocurrency Malaysia in Petaling Jaya, Selangor.⁠[2]

On May 24, 2024, he appeared as co-founder of CryptoBilis at “Bitcoin Pizza Day 2024,” which the company co-hosted with Satoshi Labs and Trezor in Manila.⁠[3]

Effective January 1, 2025, CryptoBilis acquired Isawwwshop, a Philippine online hardware-wallet seller. Prabu, then co-founder and chief executive officer of CryptoBilis International, said the acquisition would let the company expand its reach and better serve customers in the Philippines.⁠[4][5]

In May 2025, CryptoBilis announced that it would co-host “Bitcoin Pizza Day 2025” with Tangem in Manila on May 30. Prabu called the previous year’s event “an incredible testament to the strength and unity of the Philippine crypto community.”⁠[6]

In October 2025, as chief executive of CryptoBilis, he attended Ledger’s global launch of Ledger Op3n and Nano Gen5 in Paris together with regional project manager Zean Wong.⁠[7]

Prabu later said that CryptoBilis had been acquired by new owners in early 2026, and in March 2026 he and co-founder Vimalatheethan handed over all operational, management and administrative responsibilities to the new team and stepped down; he said the acquisition agreement required the deal not to be announced publicly until mid-October 2026.⁠[8][9]

From October 9, 2026, users in Southeast Asia reported funds stolen from Ledger devices bought through CryptoBilis, and Ledger later confirmed that some devices sold through CryptoBilis contained unauthorized hardware implants. Prabu then said on X that the company had been acquired earlier that year.⁠[10][11][12]

He then issued a statement on behalf of himself and Vimalatheethan, also posted on LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry, denying any link to the sale of the tampered devices; he said that since the handover the two had held “zero access, credentials, visibility, or administrative control” over CryptoBilis’s backend systems, customer databases, order records and corporate communication channels, and that after the acquisition they had given only limited advisory and event-coordination support, without visibility into day-to-day management or IT infrastructure.⁠[8][13][12]

The statement also said all suppliers had been notified of the ownership change, that the two were willing to provide information to Ledger to help its investigation, and it referred current administrative inquiries about CryptoBilis to the company’s new person in charge, Nicholas Chang. As of late October 2026, Ledger said its investigation into who tampered with the devices was ongoing, and no public evidence ties CryptoBilis’s ownership change to the thefts.⁠[9][8][10][12]

CryptoBilis: Official website: https://www.cryptobilis.com/ (opens in a new window)⁠[14]