Security
Orlen's Swiss Unit Lost 1.6 Billion Zloty in USDT-Paid Venezuela Oil Deal
COINOTAG·September 20, 2026·1 min read
Orlen's Swiss unit lost 1.6 billion zloty on a USDT-settled Venezuela oil deal. Warsaw charged ex-executives as fake USDT tokens scam merchants. The case highlights risks in crypto-based trade settlements, with counterfeit stablecoins used to defraud the company, leading to significant financial losses and legal action.
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