Poland charges three ex-Orlen managers over $378M oil deals
- —Losses from three oil purchase contracts estimated at $378 million
- —OTS paid a $230 million advance but did not receive most of the volume
- —Part of the funds was converted to USDT and routed through a Dubai intermediary
- —Of $135 million converted, only $85 million reached the recipient
Why it matters: The case shows how stablecoins are used to circumvent sanctions and why USDT settlements do not eliminate counterparty risk.
Source: TokenPost