He claimed to have been in “total shock” upon learning of Mr. Momeni’s arrest.

The prosecution wants to detain Mr. Momeni without bail. On Friday, there will be an arraignment hearing.

Despite the arrest, according to Mr. Scott, the “case is not closed” and there is still an ongoing inquiry into Mr. Lee’s passing.

When the arrest was originally announced, Mission Local, a local news source, it was revealed that the suspect is a member of the tech sector.

According to Mission Local, who cited police sources, Mr. Lee and the suspect got into a car together and got into a fight before Mr. Lee was stabbed.

At around 02:35 local time (09:35 GMT) on April 4, police officers first reacted to reports of the stabbing.

The San Francisco Standard has seen surveillance footage that appears to show Mr. Lee wandering down a deserted alleyway in search of assistance.

The computer entrepreneur can be seen stumbling toward a parked car while raising up his shirt to reveal his wound, but the automobile drives off before the man hits the ground.

Before bringing him to the hospital, police discovered Mr. Lee unconscious and suffering from two stab wounds to the chest in the Rincon Hill neighborhood.

He served as MobileCoin’s chief product officer and worked in the cryptocurrency industry.

Additionally, Mr. Lee is credited with creating Cash App, a smartphone-based platform that enables money transfers between individuals. According to Forbes, the app is well-liked in the US and is worth $40 billion.

People in the US technology business paid him a lot of accolades after his passing.