• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Tech

Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X after taking fines

by
September 14, 2024
in Tech
0
Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X after taking fines
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Elon Musk, chief executive officer of Tesla Inc., at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. 

Samuel Corum | Bloomberg | Getty Images

Brazil’s supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk’s social network.

The court’s top justice, Alexandre de Moraes, and a panel of five other justices, found that X had repeatedly violated Brazilian law when it refused to appoint a legal representative in the country, and when it refused to remove content or profiles from its platform that the court determined to be harmful towards democratic institutions in Brazil.

The court had nearly 18.4 million Brazilian reals, or approximately $3.3 million, transferred out of the accounts. Musk acquired X, then known as Twitter, in 2022. Starlink is the satellite internet service run by SpaceX.

Following the transfers, the court ordered that the frozen bank accounts and assets of X and Starlink be released, saying there was no longer any need to keep them.

The court suspended X at the end of August, and the suspension remains in place. 

Musk and his businesses have said they view the actions of de Moraes as “illegal,” and his court’s orders as having been issued without due process. X and SpaceX did not immediately respond to requests for comment on Friday.

Brazilian news agency UOL reported earlier this month that some of the accounts de Moraes ordered Musk to suspend at X belong to users who allegedly threatened federal police officers involved in a probe of former right-wing Brazilian President Jair Bolsonaro.

Bolsonaro has been accused of instigating Brazil’s Jan. 8 riots and of attempting to stage a coup there.

Musk is a proponent of Bolsonaro, in part because the former Brazilian president authorized his business Starlink to operate in the country.

Musk has been ramping up insults and calls to impeach de Moraes since April. On Sept. 5, his long-time collaborator at the helm of SpaceX, COO Gwynne Shotwell, also took shots at the Brazil supreme court online.

She wrote, “@Alexandre, please stop harassing Starlink and let us keep serving the people of Brazil.”

Backers of de Moraes and the STF have seen the orders against X Corp. as an assertion of Brazilian sovereignty.

WATCH: New data shows Musk’s Twitter takeover is worst deal for banks since 2008 financial crisis

Tags: assetsAutosBrazilBreaking News: Technologybusiness newscourtElonfinesMusksSocial mediaStarlinkSupremeTechnologyunfreezesVenture capital
Previous Post

Time To Convert Bitcoin To Ethereum? ETH/BTC Charts Gears Up For 180% Surge

Next Post

SpiceJet shareholders approve Rs 3,000 cr fund raising plan

Next Post
SpiceJet shareholders approve Rs 3,000 cr fund raising plan

SpiceJet shareholders approve Rs 3,000 cr fund raising plan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy

Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy

June 16, 2025
Bitcoin Golden Cross Suggests Potential Surge To 9,000 – Details | Bitcoinist.com

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details | Bitcoinist.com

June 16, 2025
Former Insys CEO sentenced to prison time for pushing opioids

Former Insys CEO sentenced to prison time for pushing opioids

June 16, 2025
S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high

S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high

June 16, 2025

Recent News

Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy

Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy

June 16, 2025
Bitcoin Golden Cross Suggests Potential Surge To 9,000 – Details | Bitcoinist.com

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details | Bitcoinist.com

June 16, 2025
Former Insys CEO sentenced to prison time for pushing opioids

Former Insys CEO sentenced to prison time for pushing opioids

June 16, 2025
S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high

S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high

June 16, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy

Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy

June 16, 2025
Bitcoin Golden Cross Suggests Potential Surge To 9,000 – Details | Bitcoinist.com

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details | Bitcoinist.com

June 16, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.