December 26, 2024

Tesla CEO Elon Musk at the U.S. Capitol in Washington, DC, Wednesday, July 24, 2024.

Samuel Kunlun | Bloomberg | Getty Images

brazil supreme court announced on friday It ordered banks to transfer funds from Starlink and X accounts to pay court fines imposed on Musk’s social network.

A panel of the court’s top judge, Alexandre de Moraes, and five other judges found that X repeatedly violated Brazilian law by refusing to appoint Brazilian legal representation and by refusing to remove content or profiles from its platform .

The court has transferred nearly 18.4 million Brazilian reals (approximately $3.3 million) from the account. Musk acquired X (then known as Twitter) in 2022.

After the transfer, the court ordered the release of X’s and Starlink’s frozen bank accounts and assets, saying they were no longer required to be retained.

The court imposed a stay on X at the end of August, which remains in effect.

Musk and his companies said they believed DeMorais’ actions were “illegal” and that his court order was issued without due process. X and SpaceX did not immediately respond to requests for comment Friday.

Brazilian Hualian News Agency It was reported earlier this month that some of the accounts de Morais ordered Musk to suspend at X belonged to users suspected of threatening federal police involved in an investigation into Brazil’s former right-wing President Jair Bolsonaro.

Bolsonaro is accused of inciting riots in Brazil on January 8 and trying to stage a coup there.

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

Since April, Musk has been ratcheting up the insults and calling for DeMorais’ impeachment. exist September 5His long-time collaborator Gwynne Shotwell, the head and chief operating officer of SpaceX, also took a shot at Brazil’s Supreme Court online.

She wrote: “@Alexandre, please stop harassing Starlink and let us continue to serve the people of Brazil.”

De Morais and STF supporters viewed the order against X Corp. as an assertion of Brazilian sovereignty.

watch: New data shows Musk’s Twitter acquisition is the worst deal for banks since the 2008 financial crisis

New data shows Musk's Twitter acquisition is the worst deal for banks since the 2008 financial crisis

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