Orlen Loses $230 Million in Tether Payment for Venezuelan Oil

TLDR Polish state energy firm Orlen lost up to $424 million after a $230 million USDT payment for Venezuelan crude disappeared. The deal began in late 2023 when Orlen Trading Switzerland tried to buy discounted Merey 16 crude using tether. Funds were converted into crypto through Dubai intermediaries, then handed off on USB drives in [...]

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