CoinScoopPolish State Energy Firm Orlen Loses $424 Million in Failed Venezuelan Oil Deal
According to a Financial Times investigation, Polish state-owned energy company Orlen lost at least $424 million in a failed oil purchase deal. Orlen had prepaid $230 million to Dubai-based trader Hannon International for Venezuelan crude, with some funds converted to USDT and delivered via intermediaries who subsequently disappeared. Orlen is currently pursuing arbitration to recover the funds.
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