Sandy

<ul class="wp-block-list">
  
 <li>X Corp argues Alex Jones’ accounts cannot be sold because they are non-transferable and belong to the platform.&nbsp;&nbsp;</li>   
 <li>The bankruptcy trustee included the accounts in Jones’ asset liquidation, but X Corp challenged their ownership.&nbsp;&nbsp;</li>   
 <li>The objection raises important questions about ownership of digital accounts during legal disputes and their treatment in bankruptcy cases.&nbsp;&nbsp;</li> 
</ul>   
<p><a href="https://cryptonewsland.com/elon-musk-reacts-as-jim-cramer-sparks-bitcoin-price-reversal-drama/" target="_blank" rel="noreferrer noopener">Elon Musk’s</a> X Corp. has stepped into Alex Jones’ bankruptcy case by opposing the proposed sale of his social media accounts. The company argues that the accounts are issued under non-transferable licenses and cannot be treated as personal property. This filing adds a layer of complexity to the ongoing effort to liquidate Jones’ assets following a significant defamation judgment.&nbsp;&nbsp;</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/RealAlexJones/status/1861107476055171397 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-x-corp-defends-its-ownership-of-accounts"><strong>X Corp Defends Its Ownership of Accounts</strong></h2>   
<p>X Corp states that social media accounts on its platform are provided as non-transferable licenses and remain under its ownership. For this reason, the objection claims that the accounts cannot be included in the bankruptcy auction as sellable assets. The filing from November 14 reflects the platform’s commitment to maintaining the integrity of its user policies.&nbsp;&nbsp;</p>   
<p>Jones’ accounts were previously banned from the platform for violating its terms, but Musk reinstated them after purchasing the company. Despite this reinstatement, the company emphasizes that its objection relates to the ownership structure of accounts and not the content shared by Jones.&nbsp; The objection also stresses that unauthorized transfers could undermine the verification processes critical to ensuring authenticity on the platform. As a result, the company argues that accounts must remain linked to their original users for security and policy reasons.&nbsp;&nbsp;</p>   
<h2 class="wp-block-heading" id="h-legal-complications-in-jones-bankruptcy"><strong>Legal Complications in Jones’ Bankruptcy</strong></h2>   
<p>Alex Jones filed for Chapter 7 bankruptcy after being ordered to pay $1.5 billion in damages to Sandy Hook families. The bankruptcy trustee, tasked with liquidating his assets, identified properties and media ventures as well as his X accounts for sale.&nbsp;&nbsp;</p>   
<p>This decision led to X Corp’s objection, arguing that the accounts are not legally considered Jones’ personal property and cannot be auctioned. This intervention has complicated the trustee’s efforts to generate funds through asset liquidation.&nbsp;&nbsp;</p>   
<p>Jones recently claimed that the auction for his accounts was overturned, but X Corp publicly denied this through statements on its platform. The disagreement highlights ongoing debates about how online accounts are handled during bankruptcy cases.&nbsp;&nbsp;</p>   
<h2 class="wp-block-heading" id="h-questions-surrounding-digital-ownership-nbsp-nbsp"><strong>Questions Surrounding Digital Ownership&nbsp;&nbsp;</strong></h2>   
<p>The objection raises important questions about the ownership of digital assets and the limits of their use in legal cases. The outcome could set a precedent for how <a href="https://cryptonewsland.com/dot-breaks-downtrend-sparks-surge-in-new-users-and-social-sentiment/" target="_blank" rel="noreferrer noopener">social media accounts</a> are treated during bankruptcy and similar proceedings. How platforms protect their policies while balancing user rights could shape future rulings in this evolving digital landscape.&nbsp;&nbsp;</p>    
<p>The post <a href="https://cryptonewsland.com/x-corp-blocks-auction-of-alex-jones-accounts-as-elon-the-doge-father-steps-in/">X Corp Blocks Auction of Alex Jones’ Accounts as Elon the “DOGE Father” Steps In</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

X Corp Blocks Auction of Alex Jones’ Accounts as Elon the “DOGE Father” Steps In

Table of Contents

Crypto News Land

Other articles published on Nov 26, 2024

Bitcoin Falters: Record ETF Outflows Plunge The Market!

Why Is the Global Crypto Market Down Today?

Cantor Fitzgerald and Tether Reportedly Plan $2B Bitcoin-Backed Lending Program

Magic Eden (ME) Pre-Market Trading Goes Live on Bitget (26 Nov)

Will Pi Network Price Hit $100 Before Mainnet Launch?

MicroStrategy Acquires 55,500 BTC, Total Holdings Reach 386,700

Join our free newsletter for daily crypto updates!