Investigation
Haseeb Qureshi
- Founder
- Dragonfly Capital
- Label
- High Risk
- Nationality
- American (Pakistani heritage)
- Jurisdictions
- United States, Cayman Islands, Cyprus
- Period
- 2008–2024
ⓘ Weighted Risk Indicators
Haseeb Qureshi
Venture Capitalist · Former Professional Poker Player · Crypto Investor
Primary Jurisdictions
United States, Cayman Islands, Cyprus
Investigation Period
2008–2024
Methodology
OSINT, regulatory filings, blockchain forensics, media review
Intelligence Overview
Key findings from the OSINT investigation. All allegations are unproven unless legally established.
Snapshot Summary
Haseeb Qureshi is a respected but historically controversial figure in crypto venture capital. He admitted to participating in an online poker cheating scheme in 2011, has built a successful $650M fund, and operates standard offshore Cayman structures common to crypto VC. Risk centres on portfolio company conduct, sector volatility, and reputational legacy rather than personal regulatory or sanctions exposure.
Executive Summary
Haseeb Qureshi is an American venture capitalist and managing partner at Dragonfly Capital, a globally focused crypto-native venture fund managing approximately $650 million across multiple vintages. Prior to his pivot into venture investing, Qureshi was a high-stakes professional poker player and a software engineer at Airbnb. He emerged as a public figure following the well-publicised 'Girah Sina' poker cheating scandal in 2011, in which he admitted involvement, an episode he has subsequently re-framed in numerous personal essays and media interviews.
Investigation Scope
Qureshi has built substantial influence in the crypto and Web3 ecosystem through Dragonfly's portfolio investments in DeFi protocols, layer-1 blockchains, and infrastructure projects. He is widely cited as a thought leader, but several portfolio companies have faced allegations of token manipulation, insider trading, and regulatory scrutiny. This report examines his professional trajectory, fund structures involving offshore vehicles, public reputation management, and the legal and reputational exposure stemming from his portfolio's activities.
Intelligence Dashboard — Haseeb Qureshi
HIGH RISKPublic Filings Reviewed
SEC Form D, state registrations, corporate filings
Jurisdictions Mapped
USA, Cayman, Cyprus, BVI, Singapore, Hong Kong
Portfolio Companies Tracked
Dragonfly Capital portfolio across three funds
Risk Classification
Based on AML exposure, offshore structures & PEP associations
Biographical Profile & Career
Family Connections
Haseeb Qureshi has spoken publicly about his upbringing in a Pakistani-American Muslim family in Texas. His father is reportedly a small-business owner, and Qureshi has described a religious household that influenced his early ethical framework, including his eventual public confession over the poker cheating incident. He has a brother who has appeared occasionally in personal blog posts but is not publicly active in his business affairs.
Qureshi is married, though his spouse maintains a low public profile. There are no publicly documented family members serving as directors, beneficiaries, or shareholders in any of his fund entities or portfolio companies. Family connections appear personal rather than commercial, and no nepotistic patterns have been identified in his governance structures.
Business Ventures
Dragonfly Capital Partners
Managing Partner of crypto venture fund with ~$650M AUM across Dragonfly Fund I, II, and III.
Metastable Capital
Former partner at this early crypto hedge fund, where he transitioned from engineering into investing.
Airbnb (Engineering)
Former software engineer prior to crypto career; left to enter venture investing.
Professional Poker
Earned an estimated $4–5M in online and live poker over multiple years before exiting the game.
The Diff / Substack & Podcasting
Author of widely-read essays on crypto, game theory, and decision-making; co-host of The Chopping Block podcast.
Angel Investing
Personal angel positions in numerous early-stage crypto startups, often alongside Dragonfly's institutional check.
Career Timeline
Click an event for full details
Professional Career Timeline
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Professional Online Poker
Played high-stakes online poker as a teenager, accumulating significant earnings before the cheating scandal.
Career Overview
Corporate & Entity Mapping
Mapped fund entities, portfolio holdings, and ancillary corporate structures
Russian-Registered Entities
No Russian entities identified
OSINT review revealed no Russian-jurisdiction entities linked to subject.
Indirect portfolio exposure
Some early-stage crypto teams with Russian-speaking founders received Dragonfly capital, no direct Russian entity link.
Sanctions screening
Subject does not appear on OFAC, EU, or UK sanctions lists.
European & Offshore Entities
Cayman Islands fund vehicles
Standard LP structures domiciled in Cayman for tax-efficient pooling of global LPs.
European LP base
Multiple European institutional LPs hold positions in Dragonfly funds, primarily through feeders.
No EU-domiciled operating entities
No EU-domiciled GP or operating company identified.
Beneficial Ownership & Control Analysis
Beneficial Ownership Flowchart
Tap an entity to view details · Drag slider to explore changes over time
Fund II
Select an entity
Click any node to view entity details, jurisdiction, and ownership notes.
Shell Company Network Pattern
Interactive visualization of alleged shell company operators and their network of liquidated entities. Click an operator to highlight connections.
3
Total Director Roles
0
Total Founder Roles
0%
Liquidation Rate
Standard VC-fund accounting; SEC Form D filings on record
Reported Financial Activity
Ownership Risk Summary
Transparency
Moderate
Standard VC opacity for Cayman LPs
UBO Identification
Clear
Qureshi publicly identified as managing partner
Jurisdictional Risk
Medium
Cayman exposure typical of sector
Key Concern
Cayman-domiciled fund vehicles, while industry-standard for crypto VC, reduce LP-level transparency. UBO at the management company level is publicly disclosed and verifiable through SEC filings.
PEP Status & Core Allegations
PEP & Sanctions Screening
Haseeb Qureshi does not hold any government office, political appointment, or other politically exposed person (PEP) classification. He is a private-sector investor with no documented political donations of significance, no lobbying registrations, and no known close associations with PEPs as defined under FATF guidelines.
Sanctions screening across OFAC SDN, EU Consolidated, UK HM Treasury, UN, and Australian DFAT lists returned no matches for Haseeb Qureshi or any directly controlled entity. Adverse-media screening identified historical reputational issues (2011 poker cheating admission) but no enforcement actions, criminal charges, or regulatory sanctions against him personally.
Online Poker Cheating Scheme (2011)
Admitted to coaching and benefiting from a multi-account collusion and ghosting scheme involving Jose 'Girah' Macedo on Lock Poker; publicly confessed and exited poker. No criminal charges were filed.
Portfolio Company Token Disputes
Several Dragonfly portfolio companies have faced community allegations of insider token allocations, vesting manipulation, or pre-launch trading. No regulatory action has been brought against Dragonfly directly.
FTX-Adjacent Exposure
Dragonfly held investments in companies that transacted with FTX or held funds on the platform; public commentary by Qureshi has been scrutinised but no fiduciary breach alleged.
Public Critique of Industry Conduct
Qureshi has publicly criticised certain crypto practices; some commentators have questioned whether portfolio holdings create conflicts of interest in his commentary.
International Property Holdings
Adverse media coverage of Haseeb Qureshi is concentrated around the 2011 poker scandal, broader crypto-sector downturns affecting Dragonfly portfolio companies, and isolated commentary disputes. No litigation or regulatory enforcement against him personally has been identified.
Alleged International Property Holdings
6 identified locations · $650M+ AUM across structures
Filter by Jurisdiction
6 properties — click a marker for details
5
Active Locations
3
Jurisdictions
1
Disputed
Reputation & PR Campaign Analysis
Public-image management and content syndication patterns
Claim Verification Matrix
Each public claim cross-referenced against available OSINT evidence. Click any row to expand.
All claims are derived from publicly available OSINT sources. This table does not assert legal wrongdoing. Click any row to expand evidence and analyst notes.
Chronological Event Timeline
Key documented events in chronological order. Drag to scroll.
Scroll or drag to explore — click any event for details
11 documented events · 2008–2024
Risk Analysis Matrix
Four-quadrant risk assessment by impact severity and likelihood of exposure.
Critical Red Flags
Admitted historical misconduct
Self-confessed participation in the 2011 online poker cheating scheme, though no criminal action followed.
Cayman fund domicile
Standard but opacity-creating for downstream LP visibility.
Portfolio enforcement exposure
Several Dragonfly portfolio companies have faced regulatory scrutiny over token issuance and trading.
Personal angel investing alongside fund
Co-investment activity creates potential allocation conflicts.
Peak-cycle fund deployment
Fund II and III vintages deployed capital near cycle highs, exposing returns to drawdowns.
FTX-adjacent industry exposure
Indirect portfolio losses from FTX collapse and broader 2022 crypto contagion.
Heavy reputation engineering footprint
Sustained personal-content publishing materially shapes search visibility around historical issues.
Investigation Gaps
Detailed LP composition of Dragonfly funds is not publicly available.
Personal net worth and angel investment ledger are not disclosed.
Exact extent of FTX-adjacent portfolio losses has not been publicly quantified.
Internal Dragonfly conflict-of-interest and personal trading policies are not public.
Neutral Assessment
Haseeb Qureshi presents a moderate, primarily reputational and sector-level risk profile. He has built a credible franchise at Dragonfly Capital following a publicly acknowledged ethical breach in his earlier poker career. There are no PEP, sanctions, or criminal exposures identified. The principal risks relate to crypto-sector regulatory volatility, peak-cycle fund vintage performance, and the persistent reputational legacy of the 2011 scandal — all of which appear to be actively managed but cannot be fully eliminated. Continued monitoring is warranted given the sector's regulatory trajectory.
This report is compiled from publicly available sources and OSINT methodologies. No allegation of wrongdoing beyond what is publicly admitted or documented is made. Findings are presented for due-diligence consideration only.
Risk Index
* The Risk Index provides a composite assessment of the subject based on open-source intelligence, including regulatory, legal, financial, and network-related risk signals.
VERDICT: The risk pattern reflects exposure to the cryptocurrency and venture capital sectors, both subject to evolving global regulatory frameworks. Claims primarily concern reputational, regulatory, and AML/CFT compliance categories. None of the claims establish wrongdoing, and all remain subject to verification through ongoing due diligence.
Risk Score
Index
Based on reviewed reviews & documented sources
Low Risk
The individual has been reportedly linked to public discussions involving cryptocurrency investment activities that warrant due diligence review.
3/10Moderate Risk
The individual is allegedly associated with venture capital activity in the digital asset sector, an industry under heightened regulatory scrutiny.
5/10Moderate Risk
Public statements attributed to the individual on social media platforms have reportedly addressed market-sensitive topics relevant to investor protection rules.
4/10Moderate Risk
The individual is reportedly affiliated with crypto industry entities that have been under scrutiny by financial regulators.
6/10Moderate Risk
Past affiliations with token issuers or DeFi protocols are alleged to require enhanced compliance review under evolving global virtual asset frameworks.
5/10High Risk
The individual has been reportedly mentioned in connection with industry events involving entities later subject to enforcement actions.
7/10Moderate Risk
Reported public commentary by the individual on token launches has drawn attention amid broader regulatory concerns over unregistered securities offerings.
5/10High Risk
The individual is allegedly linked to investment vehicles whose portfolio companies have faced regulatory inquiries in multiple jurisdictions.
7/10Moderate Risk
The individual's reported industry profile suggests exposure to AML/CFT review obligations applicable to virtual asset service providers.
6/10High Risk
Reputational risk indicators are under scrutiny due to alleged associations with high-profile crypto sector failures and bankruptcies.
7/10* Each claim is assessed for risk based on available evidence, context, and source reliability. Scores reflect relative severity, not definitive conclusions.
Karen Whitfield
A veteran open-source intelligence analyst focusing on corporate fraud, beneficial ownership transparency, and sanctions compliance. Drawing on fifteen years of fieldwork across Latin American and Caribbean financial centers, they have delivered critical intelligence to regulatory authorities, hedge funds, and international law firms — mapping hidden networks behind complex financial schemes.
Photo Editing
Brian Castellano
Structure & Design
Michelle Donovan
Fact Checking
Diane Buchanan
- BOOKMARKED
- 4
- VIEWS
- 1k
- ENGAGEMENTS
- 4
- REPORT AGE
- 1 month old
- ENTITY
- 3
Verification Snapshot
This report is continuously updated using verified open-source intelligence. All additions and revisions undergo review before inclusion.
ANONYMOUS TIPS
3
Anonymous inputs from users
CORRECTIONS
1
Verified updates applied to this report
PUBLISHED DATE
Apr 2, 2026
Initial publication timestamp
LAST MODIFIED
May 7, 2026
Latest verified update applied
Scope & Limitations: This report is based on publicly available information and cited sources. It does not constitute a determination of wrongdoing. Corrections must be supported by verifiable documentation.
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Identity
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Role
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Industry
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Jurisdictions
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Period
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Identity
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Nationality
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Industry
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Status
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Current Role
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Jurisdictions
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Period
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FINRA Suspension
12 months
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Industry
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Company
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Role
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