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Brazilian Justice Smashes Starlink and X: $3 Million Fine Pays Off, but Can They Survive the Shame?

News Kevin Nelson September 16, 2024

A illustration of a Brazilian flag-waving judge (Alexandre de Moraes) standing triumphantly over two defeated figures representing Starlink and X, with money bags being handed out in the background as they are dragged away by chains labeled 'Fines'.

Just when you thought Elon’s Starlink and X were just a couple of overpriced space junk ventures with questionable business models, they get themselves into some real trouble down in Brazil! It seems the Supreme Court had enough of their antics (who wouldn’t?) and slapped them with a hefty fine for not complying with local laws. I mean, who needs to appoint a legal rep when you’re just going to ignore court orders anyway? And what’s this nonsense about $9,000 fines for users accessing X through VPNs? Sounds like they’re trying to squeeze every last peso out of their dwindling user base… or maybe it’s just another attempt at censorship?.

Source: cointelegraph

Brazil lifts freeze on Starlink, X accounts after $3M fine payment
https://cointelegraph.com/news/brazil-lifts-freeze-starlink-x-accounts-fine-payment
Brazil’s Supreme Court has lifted the freeze on bank accounts linked to Elon Musk’s Starlink and the social media platform X after funds worth $18.35 million Brazilian reais (around $3.3 million) were transferred to the national treasury.  The fines are tied to a legal dispute involving X’s failure to comply with court orders to block accounts accused of spreading misinformation and hate speech in Brazil. The Supreme Court had previously […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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