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

www.cnbc.com Brazil supreme court unfreezes assets of Elon Musk's Starlink, X after taking fines

Brazil's supreme court announced that it ordered funds be moved from Starlink and X bank accounts to pay for fines levied against Elon Musk's social network.

  • Brazil’s supreme court said Friday that it ordered funds to be moved from Starlink and X bank accounts to pay fines levied against Elon Musk’s social media venture.
  • Following the transfers, the court ordered that the seized bank accounts and assets of X and Starlink be unfrozen, saying there was no longer any need to keep them.
  • The use of X has been suspended in Brazil since late August.
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