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DRAGONFLY drops investment in ECLIPSE due to sexual harassment rumors involving CEO

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TechFlow
353Words
May 10, 2024

HASEEB, a partner of DRAGONFLY, a cryptocurrency venture fund, said in a post that when his team was conducting due diligence on the ECLIPSE project, they heard rumors that CEO NEEL SOMANI had a history of sexual harassment, so they decided to give up investing in it. HASEEB pointed out that the founder's mistakes may be forgivable, but the long-term bad behavior pattern is intolerable. Despite this, the project still received financial support and conducted millions of dollars in secondary market transactions before the token was launched, which attracted attention.

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