Brazil top court lifts Starlink, X bank account freeze after $3 mln transfer

Court overturns lower court decision, says 'no proof of illicit activities'

Decision comes after Starlink's founder Elon Musk said he would 'comply with Brazilian law'

BRAZIL - Brazil's Supreme Court has lifted a freeze on the accounts of Elon Musk's satellite internet company Starlink and digital bank Nubank after a $3 million transfer was made from Starlink to Nubank.

The freeze was imposed by a lower court judge last week after prosecutors alleged that the transfer was part of a money laundering scheme. However, the Supreme Court overturned the lower court's decision, saying there was "no proof of illicit activities."

In a statement, Starlink said it was "pleased with the Supreme Court's decision" and that it "looks forward to continuing to provide Brazilians with affordable and reliable internet access."

Nubank also welcomed the decision, saying it "demonstrates the bank's commitment to compliance and transparency."

The decision comes after Musk said on Twitter that he would "comply with Brazilian law" and that he was "confident" that the freeze would be lifted.

The freeze had been criticized by some as an overreach by the Brazilian government. Critics argued that the government was trying to intimidate Starlink and Nubank and that the freeze was based on flimsy evidence.

The Supreme Court's decision is a victory for Musk and Starlink, and it is likely to pave the way for the company to continue its expansion in Brazil.

Conclusion

The Supreme Court's decision to lift the freeze on Starlink and Nubank's accounts is a significant development in the ongoing saga between the company and the Brazilian government. The decision is a victory for Musk and Starlink, and it is likely to pave the way for the company to continue its expansion in Brazil.