Skip Navigation

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 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.
17 comments
17 comments