CryptoBilis changed ownership in March and is now controlled by Chinese nationals. Sales have been suspended and stores have been closed

CryptoBilis, a Malaysian hardware wallet distributor, was exposed to have changed ownership in March during the Ledger supply chain attack investigation and is now fully controlled by Chinese national Jiaming. The former co-founder of CryptoBilis confirmed that the company has completed the acquisition and the original shareholder has resigned from all positions. CryptoBilis has temporarily suspended online and offline sales in Malaysia, the Philippines, and Indonesia, and closed its stores.