This fine payment error is a new headache for Elon Musk.
Elon Musk’s X has “mistakenly transferred” $5 million in fines to a different bank than requested, according to Brazil’s Supreme Court. The payment error is the latest in a series of problems X is facing in Brazil.
Earlier in late August, the Brazilian Supreme Court banned the platform for failing to comply with content censorship orders and for not appointing legal representation in the country. In addition, X was fined $5.2 million.
By last Friday, X’s legal team had filed documents proving that they had paid the fine. But the court said the money had been deposited into… the wrong bank. The court said the money had to be transferred to the correct account before it could consider lifting X’s ban in Brazil.
X’s lawyers have insisted that the company has paid the fine, Reuters reported, which is the final hurdle the company must clear before it can resume operations in Brazil. Brazil is one of X’s main markets, with about 21.5 million users, making it the platform’s sixth-largest user base.
The platform’s legal troubles in Brazil have caused tensions over free speech issues between Musk and Supreme Court Justice Alexandre de Moraes, who is overseeing the case.
Musk, who has positioned himself as a defender of free speech, clashed with the court over what he considered an overreach of authority, refusing to comply with an order to remove content and launching personal attacks on de Moraes.
De Moraes responded by banning the platform in Brazil, imposing additional fines and threatening to arrest X’s legal representatives.
Notably, X’s payment mistake was not the first of its kind. In 2020, Citigroup accidentally sent $900 million to Revlon’s creditors. The bank spent the next two years in litigation to recover the money, with 10 creditors refusing to return the money, saying they believed they were owed the money.
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