The killer?
Woody.
He had a sexual relationship with both victims and could get close to them.
He owns an axe.
His axe was wielded by Bloody Mary and later found at a Crooked Man hangout (I doubt it was randomly "stolen" like he says)
He was poised to chop off the Jersey Devils head at the neck, just like the girls
We've seen multiple times that he smokes
He is the only character in the game thus far to smoke a Huff n Puff other than Bigby (he asks Bigby for one outside of the pawn shop). They reeeeeeally laid on the cigarette clue thick in Ep 4. Lots of "Hey guys! It's weird to smoke Huff n Puffs!" and then Woody smokes one like its nothing.
So yeah, I say Woody is the Crooked Man's executioner. Same as Beast delivers packages. Everybody plays their part.
Also, not sure if its anything but Snow's name was on the board of people in debt to the CM.
Comments
Okay, so that theory might be plausible. but when he smokes it he says: "S**t brand" implying he doesn't regularly smoke it. and Snow's in debt to cm? I didn't notice that.... Holy Cow!
Bloody Mary looks more of the type to be the executioner but urs does seem possible.
I`m starting to think Bloody Mary is the murderer. I doubt Woody is the murderer, he could have just let Jersey take care of Bigby, it would have been easier for him not to get caught if Bigby died.
Don't forget that Faith and Lilly were killed because someone removed their ribbons. It was confirmed in episode 4 so it can't be Woody with his axe.