Polish state firm Orlen loses $230M in failed Venezuelan oil crypto payment scheme

The Financial Times reports that Polish state-controlled oil company Orlen lost $230 million in an attempt to pay for Venezuelan oil using cryptocurrencies, a scheme that failed and drew sharp criticism from Prime Minister Donald Tusk. The incident, first reported by OKO.press, raises questions about internal controls and potential fraud within a strategic state enterprise, though details of the transaction and any legal proceedings remain unclear.