Poland: Orlen loses $230 million in cryptocurrency oil purchase scandal
Polish energy giant Orlen suffered massive losses attempting to buy Venezuelan oil using digital currencies.
According to an investigation by the Financial Times, energy group Orlen lost nearly $230 million in an attempt to buy Venezuelan oil using cryptocurrencies. This operation was part of Poland's strategy to diversify its energy supply sources following Russia's invasion of Ukraine in 2022.
The Financial Times revealed how this transaction turned into a financial disaster, constituting one of the country's biggest financial scandals.
Sources
- En Pologne, une tentative d’achat de pétrole en cryptomonnaies vire au fiasco financier — RFI — Français
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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