00:00It's Benzinga, and here's what's on the block.
00:03Brazil's Supreme Court has ordered banks to transfer nearly $3 million from Starlink
00:07and X's accounts to cover fines levied against Elon Musk's social media platform.
00:12The court found that X violated Brazilian law by failing to appoint a legal representative
00:16and refusing to remove harmful content.
00:19The court froze X's and Starlink's accounts, but released them after the funds were transferred.
00:24X's suspension in the country, imposed at the end of August, remains in effect.
00:28Musk has called the court's actions illegal, while Brazilian authorities view the orders
00:32as an assertion of sovereignty.
00:33For all things money, visit Benzinga.com.
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