Dragonfly's partner and former co-founder have publicly disputed their relationship, with each side holding their own version of events regarding early history and investment leadership.

Dragonfly Managing Partner Haseeb Qureshi and former co-founder Alexander Pack (now co-founder of Hack VC) recently engaged in a public debate on social media. Haseeb posted about his experience building the venture capital firm, stating that Dragonfly's early brand and system were still developing, and that it only gradually grew and scaled after he joined. Alexander Pack countered that Dragonfly had been co-founded by him and Feng Bo for over a year before Haseeb joined, and that he had committed to leading investments in projects such as Bybit, Amber Group, and Crusoe, with related fund announcements predating Haseeb's arrival. Haseeb subsequently responded, stating that some of the claims were inaccurate, and clarified his role and decision-making process for specific investments. The two continued their debate surrounding the company's founding stage and contributions to investments.