David Paraeus:

Furthermore other places occur which seem to impart unto the wicked the benefit of redemption; as when Peter says that they “deny the Lord which has bought them,” that they were “purged from their old sins” (2 Pet. 2:1, 1:9), and Paul also says that they are “sanctified with the blood of the Testament” (Heb. 10:29): all which the Scripture elsewhere enforces us to interpret either of the vain glorying of Hypocrites of their redemption and sanctification: or else to understand them no otherwise then of the extent and sufficiency of Christ’s satisfaction.

Source here.

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