Police arrest suspect in Cash App founder Bob Lee’s death

image source, Twitter/Bob Lee

image caption,

A tribute to Bob Lee who founded the popular Cash App and worked for MobileCoin

Police have arrested a man in connection with the murder of Cash App founder Bob Lee in San Francisco.

Police found Mr Lee, 43, unconscious with stab wounds near downtown San Francisco on April 4. He later succumbed to his injuries at the hospital.

Mr Lee was in San Francisco for a summit and had stayed to visit friends before his death.

Aaron Peskin, chairman of the San Francisco Board of Supervisors, confirmed the arrest to BBC News.

Police have yet to confirm the suspect in Mr Lee’s murder.

Local reports said the suspect was the founder of an IT firm and that he and Mr Lee knew each other.

Regional news outlet Mission Local identified the suspect as a tech worker in San Francisco.

Citing police sources, the report said Mr Lee and the suspect were in a vehicle together and had an argument before Mr Lee was stabbed.

At the time of his death, Mr Lee was the chief product officer of cryptocurrency firm MobileCoin.

He is also credited with founding Cash App, a smartphone-based payment app that allows person-to-person money transfers. According to Forbes, the app is popular in the US and is worth $40bn (£32bn).

Mr Lee’s death drew many tributes from notable figures in the US tech industry.

That has sparked criticism of officials in San Francisco for their response to the city’s high rate of violent crime.

San Francisco has seen 56 homicides in 2021 and 2022, and 13 so far this year, according to preliminary police data.

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