Dragonfly partners say Eclipse CEO had a history of sexual allegations

Dragonfly Capital Passes on Investing in Eclipse Amid Sexual Harassment Allegations

Dragonfly Capital, a crypto VC firm, decided against investing in Eclipse due to sexual harassment allegations against its CEO, Neel Somani. Managing partner Haseeb Qureshi revealed this information in a post on May 10. During the due diligence process for the L2 solution, Dragonfly uncovered a history of sexual harassment involving Somani. Qureshi expressed doubts that other investors were unaware of these allegations.

Eclipse: Ethereum’s Fastest L2 Solution Under Scrutiny

Eclipse, touted as Ethereum’s fastest L2 solution, is powered by the Solana Virtual Machine and focuses on privacy, security, and decentralization. However, Somani’s alleged misconduct, ranging from inappropriate social media behavior to accusations of sexual assault, has cast a shadow over the project. Qureshi criticized the fact that despite these allegations, Somani received investments and profited significantly.

Eclipse Responds to Allegations and Focuses on Maintaining Integrity

In response to the allegations, Somani denied any sexual assault claims but chose to reduce his public role within Eclipse. The company reiterated its commitment to upholding personal and professional standards, including gender equality and fair treatment. Eclipse co-founder Sam Thapaliya emphasized the company’s dedication to integrity and accountability in all operations.

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