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Exclusive: Crypto venture firm Dragonfly closes $650 million fourth fund—even as blockchain VCs face ‘mass extinction’ | Fortune

When Rob Hadick signed the paperwork to join Dragonfly Capital in April 2022, he rented a house in the Hamptons. A contract with his former employer, the hedge fund GoldenTree, obliged him to refrain from working for six months, so Hadick prepared to lean into forced leisure time in the country. His plans for a relaxed stay soon came undone. Shortly after his arrival, the crypto market went into a freefall following the implosion of a notorious stablecoin project called Terra Luna. Hadick rememb...

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