Dragonfly Co-Founders Clash on X Over Crypto Venture Firm's Origin Story

A public dispute has erupted between Dragonfly co-founders Alexander Pack and Haseeb Qureshi on X, regarding the origin story of the crypto venture capital firm. The disagreement centers around who deserves credit for building one of crypto's most prominent firms.

Pack claims he and Bo Feng established Dragonfly before Qureshi joined, disputing any implication that the firm began from scratch under Qureshi's leadership. In a public post on X, Pack stated that he and Feng co-founded Dragonfly more than a year before Qureshi joined and led early deals.

The dispute highlights how crypto venture firms can face internal disputes over origin stories as they grow. With Dragonfly now managing billions and participating in high-profile investments, questions about its early structure and leadership evolution have become part of the public record.