Polish state refiner Orlen loses $424 million in failed Venezuelan oil deal

Poland's state-controlled refiner Orlen lost approximately $424 million after a failed oil deal with Venezuela's PDVSA. The transaction involved payments in USDT, which were transferred through brokers in Dubai and handed over via USB drives in Caracas. Despite the payments, the oil was never delivered. Three former Orlen executives are now facing criminal charges in Warsaw for failing to protect company assets.