Cash App founder stabbed to death in San Francisco – Bob Lee, the founder of Cash App, a tech company worth billions, was fatally stabbed in the vicinity of downtown San Francisco on Tuesday, according to his family. The San Francisco police discovered a 43-year-old male with stab injuries, administered first aid, but he ultimately succumbed to his wounds in the hospital. Bob Lee’s father, Rick Lee, verified the death of his son, who previously served as the chief technology officer at Square.
The authorities in San Francisco have faced scrutiny for their handling of a spate of violent crimes in recent times. At approximately 2:35 am local time on Tuesday, the San Francisco Police Department in California received reports of a stabbing incident. Upon arrival, they discovered Mr Lee lying unconscious on the ground with two stab wounds to his chest, as reported by the San Francisco Chronicle. The officers immediately began providing medical assistance and then transported him to San Francisco General Hospital.
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Mr Lee’s father took to Facebook on Wednesday to confirm the details of his son’s tragic demise. “I just lost my best friend, my son Bob Lee when he lost his life on the street in San Francisco early Tuesday morning,” Rick Lee wrote. “Thank you to those who have reached out in support.” Tim Oliver Lee, Mr Lee’s brother, also posted on Facebook: “He really was the best of us. I was so fortunate to grow up with him, and I feel like I’ve lost part of myself.”
At his time of death, Mr Lee was the chief product officer of the cryptocurrency company MobileCoin. “He was a generous decent human being who didn’t deserve to be killed,” said Bill Barhydt, CEO of Abra, a cryptocurrency company, on Twitter, noting that Mr Lee also was a father. Forbes estimates that Cash App, a smartphone app facilitating peer-to-peer money transfers, is currently valued at $40 billion (£32 billion).
The app, launched in 2013, has experienced an incredible surge in popularity, with monthly active users reaching seven million in 2017 and soaring to 30 million in 2020. The untimely demise of Mr Lee has rekindled concerns about the surge in violent crime in California’s metropolitan city. Tesla founder and Twitter chief executive Elon Musk responded to tributes to Mr Lee, saying: “Violent crime in (San Francisco) is horrific and even if attackers are caught, they are often released immediately.”
According to the Hoover Institution, a policy research think tank, data from 2021 indicates that San Francisco residents have a 1-in-16 chance of being a victim of violent or property crime annually, rendering the city more perilous than 98% of cities in the United States. San Francisco has experienced a rise in homicides since the outbreak of the pandemic. CBS reports that the city witnessed 56 homicides in 2021 and 2022.
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Moreover, preliminary police statistics demonstrate that the 12 homicides reported this year mark a 20% increase compared to the corresponding period in the previous year. As of now, the San Francisco police department has yet to identify a suspect in the murder of Mr Lee, and no arrests have been made thus far in the ongoing investigation.