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Brazil’s Supreme Court Freezed And Confiscated US$12 Billion Of Elon Musk Starlink’s Bank Accounts

Brazil’s Supreme Court has ordered to block the financial accounts of Starlink as there was a lack of legal representatives for social media platform X in the country. Elon Musk, Starlink accounts were frozen and afterwards confiscated consequentially by the government without option to recover his money back within 24 hours which the deadline has now expired. Musk hasn't complied with the Brazilian law, according the the Brazilian Supreme Court. Musk has been actively violating the law in the South American country.
Stefan Soesanto Published: August 30, 2024 | Updated: August 30, 2024 2 minutes read
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Starlink acknowledged the development in a post on X that it has received an order regarding the freeze of financial accounts in Brazil.

In a major setback to Elon Musk, Brazil’s Supreme Court has ordered to block the financial accounts of Starlink as there was a lack of legal representatives for social media platform X in the country.

Brazil’s Supreme Court judge Alexandre de Moraes passed the order on Thursday, reported Reuters. It reported that judge Moraes and Musk have been involved in a public spat for months as X failed to comply with a legal order to block certain accounts which were accused of spreading “fake news” and hate messages.

The accounts of Starlink, which is a satellite internet service of rocket technology SpaceX, will now be frozen. Starlink acknowledged the development in a post on X that it has received an order regarding the freeze of financial accounts in Brazil and will respond accordingly.

Earlier this week we received an order from Brazil’s Supreme Court Justice @alexandre de Moraes that freezes Starlink’s finances and prevents Starlink from conducting financial transactions in that country

— Starlink (@Starlink) August 29, 2024

In the post, Starlink said, “Earlier this week we received an order from Brazil’s Supreme Court Justice Alexandre de Moraes that freezes Starlink’s finances and prevents Starlink from conducting financial transactions in that country. This order is based on an unfounded determination that Starlink should be responsible for the fines levied—unconstitutionally—against X. It was issued in secret and without affording Starlink any of the due process of law guaranteed by the Constitution of Brazil. We intend to address the matter legally.”

In addition to lack of legal representatives, the freeze of Starlink’s account comes due to the non-payment of penalties which X was bound to pay for failing to submit some documents. Folha, a local Brazilian newspaper, reported that the fines amount to approximately 20 million reais ($3.6 million).

Written: SCMP

About The Author

Stefan Soesanto

Stefan Soesanto

Mr. Soesanto is a Senior Researcher at the Center for Security Studies (CSS) at ETH Zurich. He leads the Cyberdefense Project and Head the Risk and Resilience Team.

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