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Venezuelan-Oil USDT Advance Becomes Massive Cross-Border Fraud Case

Venezuelan-Oil USDT Advance Becomes Massive Cross-Border Fraud Case

Reports allege that Poland or Orlen advanced roughly $230M, possibly as much as $424M, in USDT for Venezuelan oil through intermediaries who received private keys on USB drives and then disappeared. Only a partial cargo was delivered; investigators still face unresolved questions about wallet ownership, sanctions-era due diligence, and recovery.

Sources (2)
Updated Sep 18, 2026