Cash App founder dead: Bob Lee dies after San Francisco stabbing

The laminitis of multibillion-dollar tech institution Cash App was fatally stabbed adjacent downtown San Francisco connected Tuesday, US media report.

San Francisco constabulary recovered a 43-year-old antheral with stab wounds and treated him earlier helium aboriginal died successful hospital.

San Francisco officials person been criticised for their effect to a question of convulsive transgression successful caller years.

The California's San Francisco Police Department said officers responded to reports of a stabbing connected Tuesday astatine astir 02:35 section clip (10:35 BST).

They recovered Mr Lee unconscious connected the crushed with 2 stab wounds to his chest, according to the San Francisco Chronicle, and started to administer assistance earlier rushing him to San Francisco General Hospital, wherever helium died.

"He was a generous decent quality being who didn't merit to beryllium killed," said Bill Barhydt, CEO of Abra, a cryptocurrency company, connected Twitter, noting that Mr Lee besides was a father.

Mr Lee, 43, was the main merchandise serviceman of the cryptocurrency institution MobileCoin, who released a connection connected Wednesday saying that Mr Lee "passed distant yesterday", without listing a origin of death.

Cash App is simply a smartphone-based outgo app that allows person-to-person wealth transfers and is present worthy $40bn (£32bn), according to Forbes.

Since launching successful 2013, its idiosyncratic basal has skyrocketed, hitting 7 cardinal monthly progressive users successful 2017, and climbing to 30 cardinal successful 2020.

Mr Lee's decease prompted renewed disapproval of convulsive transgression successful the Californian city.

Tesla laminitis and Twitter main enforcement Elon Musk responded to tributes to Mr Lee, saying: "Violent transgression successful [San Francisco] is horrific and adjacent if attackers are caught, they are often released immediately."

Data from 2021 shows that residents determination look a 1-in-16 accidental each twelvemonth of being a unfortunate of spot oregon convulsive crime, according to the Hoover Institution, a argumentation probe deliberation tank, making the metropolis much unsafe than 98% of US cities.

Homicides person been a peculiar contented for San Francisco since the pandemic.

There were 56 homicides successful the metropolis successful 2021 and 2022, and preliminary constabulary information shows that the 12 homicides successful San Francisco this twelvemonth is simply a 20% summation compared to the aforesaid clip play successful the erstwhile year, according to CBS.

San Francisco constabulary person yet to place a fishy successful this case, and nary arrests person been made successful the ongoing investigation.