Starlink and X bank accounts unfrozen in Brazil after $3.3 million transfer
Starlink and X’s assets have been unfrozen by the Brazilian Supreme Court on Friday. The assets were unfrozen after about $3.3 million worth of funds from Starlink and X were transferred to government coffers to cover fines that were allegedly incurred by the Elon Musk-led social media platform.
In a comment, the Brazilian Supreme Court noted that Judge de Moraes had ruled to transfer over 7.28 million Brazilian reais ($1.3 million) from an X bank account and almost 11.07 million Brazilian reais ($1.99 million) from a Starlink account, as noted in a report from the Associated Press.
Judge de Moraes made his decision about Starlink and X’s assets on Wednesday, though his ruling on the case itself has not been released publicly as of yet. That being said, legal analysts have reportedly expressed concerns about the Brazilian Supreme Court judge’s decision to freeze Starlink’s assets to address fines that were incurred by X.
While both Starlink and X are Elon Musk-led businesses, the satellite internet system and social media platform are two separate companies with separate investors. Thus, by freezing Starlink’s assets in Brazil, Judge de Moraes affected the investments of entities that had nothing to do with his feud with Elon Musk or X.
The Brazilian Supreme Court stated that the banks that hold Starlink and X’s accounts had been informed about Judge de Moraes’ decision. “After the payment of the full amount that was owed, (J)ustice (de Moraes) considered there was no need to keep the bank accounts frozen and ordered the immediate unfreezing of bank accounts/financial assets,” the Brazilian Supreme Court noted.
X, for its part, has not issued a comment about the matter as of writing.
Elon Musk and de Moraes’ conflict started in April when the Supreme Court Judge ordered the immediate, secret suspension of dozens of X accounts, including a sitting member of the Brazilian parliament, over alleged disinformation. X refused to comply, and things escalated to a point where the Brazilian Supreme Court blocked the use of the social media platform in the country.
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The post Starlink and X bank accounts unfrozen in Brazil after $3.3 million transfer appeared first on TESLARATI.
Source: https://www.teslarati.com/starlink-x-bank-accounts-unfrozen-brazil-3m-transfer/
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