Poland reportedly lost US$230m in failed Venezuelan oil deal
The Financial Times reported that an attempted oil trade using digital currencies became one of Poland’s biggest scandals.
Poland reportedly lost US$230 million in an attempt to buy Venezuelan oil using digital currencies, according to the Financial Times.
The deal was described as a bold effort to use cryptocurrency in an oil trade between Poland and Venezuela. The reported loss has made the episode one of Poland’s biggest scandals.
The supplied account does not identify the participants, the cryptocurrency involved or the structure of the transaction. It also does not explain how the loss occurred.
The reported figure and characterisation of the deal have not been independently verified in the material provided. The timing of the transaction is also unspecified.
