How Poland Lost $230 Million Trying to Buy Venezuelan Oil with Cryptocurrency
4 Articles
4 Articles
The Financial Times investigation, published on 15 September 2026, revealed for the first time the details of how the money of the Polish state company Orlen disappeared in cryptulation. In November 2023, on board a boat in Abu Dhabi during the weekend of Formula One, the head of Samer Awad, a representative of the Swiss trade unit of the Polish state company Orlen, met with the 25-year-old founder of the Dubai company Hannon International Kem "…
By 2024, the accounts of the public energy group Orlen, owned by the Polish state, showed this colossal loss of money, but a recent investigation...
Orlen's Swiss unit lost 1.6 billion zlotys in a Venezuelan oil deal paid for in USDT; Warsaw filed lawsuits against its former executives.
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