Poland’s state energy company Orlen lost $230M in a failed Venezuelan oil deal involving $USDT
Orlen paid Dubai-based trader Hannon International upfront for around 6M barrels of crude, but most of the oil was never delivered.
Part of the funds was converted into USDT and handed to Venezuelan intermediaries, including $110M through USB drives containing crypto access keys.
The Polish government estimates total losses at at least $424M.
Orlen paid Dubai-based trader Hannon International upfront for around 6M barrels of crude, but most of the oil was never delivered.
Part of the funds was converted into USDT and handed to Venezuelan intermediaries, including $110M through USB drives containing crypto access keys.
The Polish government estimates total losses at at least $424M.
