New Delhi, Oct. 26 -- The first time I spoke with Nischal Shetty, the much-discussed founder of WazirX, was about five years ago, during the first wave of the covid-19 pandemic. WazirX was just breaking out into a publicly recognizable name.

The virtual chat, as far as I remember, was fairly pleasant-cryptocurrencies were having their breakout moment in India, and Shetty, through recognizable television spots, was fast capturing the mind share of crypto investors in India.

Fast forward to now, and WazirX has become synonymous with the dark side of cryptocurrencies-especially as the hack revealed that WazirX was, in fact, an offshore entity with its core properties based in Singapore.

On Friday, I wrote at length on the once-massive cry...