Bob Lee Cash app founder killed in SF stabbing: no arrests in lawless city as tech mogul’s death prompts addressing ever increasing cycle of violent crimes in U.S cities.
A tech mogul who helped create Android and Cash app, was stabbed to death during the early morning hours of Tuesday in the streets of San Francisco. To date no suspects have been identified, along with no arrests.
Bob Lee, 43, was attacked in the city’s well to do Rincon Hill neighborhood at 2.35am on Tuesday according to a release from the San Francisco Police Dept.
Police were called to the 300 block of Main Street near the entrance of a high-rise close to the waterfront and found the dad-of-two suffering from multiple stab wounds.
At the time of his death, the former chief technology officer of Square who helped launch Cash App, had come on board with MobileCoin, a cryptocurrency and digital payments startup, in 2021 as its chief product officer.
Friends told the San Francisco Standard that Lee had been visiting the area for business and decided to stay an extra day when he was stabbed.
Targeted in random mugging attack
It is thought the victim was ‘targeted’ in a ‘random mugging and attack’ despite being in a ‘good’ part of the city.
The tech mogul had been living in a $1.8million apartment in Miami, while his wife Krista appears to still be living in San Francisco.
Authorities confirmed that Lee was rushed to hospital but died from his injuries in the early hours.
Officials have yet to make an arrest, and San Francisco Police have not released any details of a suspect.
Lee, who was dubbed ‘Crazy Bob’ by friends, was an active investor in numerous companies, such as SpaceX, Clubhouse and Figma.
Prior to commencing at MobileCoin, Lee had formerly been chief technology officer at Square – which has recently renamed itself to Block – when it had developed and launched Square Cash in 2013.
Since that time, the brand has grown into Cash App, a smartphone-based payment app that allows person-to-person money transfers and is now worth $40bn according to Forbes.
SAN FRANCISCO — Bob Lee, Cash App creator and former CTO of Square, was reportedly killed in a stabbing on Tuesday morning.
No arrests have been made. pic.twitter.com/w32FIEDxfx
— Citizen Free Press (@CitizenFreePres) April 5, 2023
Uptick in violent crime in U.S cities
Since launching in 2013, its user base has skyrocketed, hitting seven million monthly active users in 2017, and climbing to 30 million in 2020.
Prior to that, Lee had worked as a software engineer at Google from 2004 to 2010, where he helped design the core library for Android.
Lee’s homicide death comes amid San Francisco grappling with an uptick in crime as the city, like most major U.S cities continue to bounce back from the pandemic and wider than ever income divide and a polarized nation.
Data from 2021 shows that residents there face a 1-in-16 chance each year of being a victim of property or violent crime, according to the Hoover Institution, a policy research think tank, making the city more dangerous than 98% of US cities.
Preliminary police data reports 12 homicides in San Francisco this year, an uptick of 20% compared to the same time period in the previous year. In total, there were 56 homicides in San Francisco in 2022, which is the exact same number of homicides the city saw in 2021.
Police are urging anyone with information to come forward by calling the SFPD tip-line 415-575-4444.