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.

According to Odaily Odaily, Dragonfly Managing Partner Haseeb Qureshi and former co-founder Alexander Pack (now co-founder of Hack VC) recently had a public argument on social media. In an article, Haseeb recounted his experience building his venture capital firm, stating that Dragonfly's early brand and system were still in their infancy, and it only gradually developed and scaled up 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 had already committed to leading investments in projects such as Bybit, Amber Group, and Crusoe; the announcements of these funds also predated Haseeb's arrival. Haseeb subsequently responded that some of the other party's statements were inconsistent with the facts, and clarified the specific investment roles and decision-making processes for each project. The two sides continued to argue about the company's founding stage and investment contributions.