北京商报：Chongqing Law Firm Partner Goes Missing, Allegedly Linked to 210 Million Yuan Stablecoin Bribery and Money Laundering Case

Odaily Planet Daily News: Multiple independent sources have confirmed to Beijing Business Today that the founding partner and director of a law firm in Chongqing was recently taken away by relevant authorities. This lawyer is Peng Jing, the founding partner and director of Chongqing Jingsheng Law Firm. Outsiders speculate that she has intricate connections with the fallen high-ranking officials mentioned above. According to analysts, lawyers from law firms are usually not taken away by the Central Commission for Discipline Inspection (CCDI). "Peng Jing's network is very extensive, and her case involves too many people."

On March 20, 2026, Chongqing Mayor Hu Henghua was reported to be under investigation. On April 17, Luo Lin, a member of the Standing Committee of the Chongqing Municipal Party Committee and Secretary of the Liangjiang New Area Party Working Committee, was also announced to have fallen from grace. According to information circulating in Chongqing's local political and business circles, the downfall of Hu Henghua and Luo Lin is related to bribery and money laundering through stablecoins, and "Peng Jing may be a key figure, using the name of collecting lawyer fees to launder money for others."

Sources say that in the Hu Henghua case, Lin Xiucheng's son-in-law, Lin Kechuang, gave Hu Henghua 30.8 million USDT (worth approximately 210 million yuan, with 10 million of that being a conversion fee). After Hu Henghua was investigated, the cold wallet was seized, and the authorities also traced the flow of funds from six other cold wallets held by Lin Kechuang. Among these, a simultaneous transfer of 15.5 million USDT to Hu Henghua was, according to Lin Kechuang, sent to Luo Lin. Luo Lin was taken away by authorities on April 14, 2026, and his home was searched on the evening of April 15, but the cold wallet was not found there. Subsequently, authorities found Luo Lin's cold wallet at a third party's home. (Beijing Business Today)