Dragonfly partner: gave up investment due to rumors of sexual harassment by Eclipse founder, questioning actual investor due diligence

2024-05-10 09:22

BlockBeats news, on May 10, Haseeb Qureshi, managing partner of Dragonfly, said on social media that when Dragonfly initially conducted due diligence on the Eclipse project, it heard rumors that the project's founder Neel Somani had a history of sexual harassment, so it quickly decided not to invest. Haseeb questioned that if Dragonfly heard the rumor with only minimal due diligence, then the actual investors could not have not heard of it. Haseeb believes that although it was just a rumor at the time and Dragonfly did not investigate in depth, from everything they heard, this seems to be Neel's long-term behavior pattern. Haseeb is disgusted that the Eclipse project was able to obtain financing and that Neel was able to cash out millions of dollars through the secondary market during the pre-release stage of the project, and emphasized that the crypto industry will never allow such behavior.

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