A partner of a law firm in Chongqing lost contact or was involved in a 210 million yuan stable currency bribery and money laundering case

Multiple independent sources confirmed to Caixin that the founding partner and director of a law firm in Chongqing were recently taken away by relevant departments. This lawyer is Peng Jing, the founding partner and director of Chongqing Jingsheng Law Firm. It is speculated that he is closely related to the above-mentioned officials who have fallen from the official ranks. According to sources, lawyers from law firms are usually not taken away by the Central Commission for Discipline Inspection."Peng Jing's network of connections is very large, and her case involves too many people." On March 20, 2026, Chongqing Mayor Hu Henghua announced that he had been investigated. On April 17, Luo Lin, member of the Standing Committee of the Chongqing Municipal Party Committee and Secretary of the Liangjiang New Area District Party Committee, announced his dismissal. According to news from local political and business circles in Chongqing, the downfall of Hu Henghua and Luo Lin was related to bribery and laundering money through stablecoins, and "Peng Jing may be a key figure among them, helping others launder money in the name of collecting legal fees." Sources said that in the Hu Henghua case, Lin Xiucheng's son-in-law Lin Kechuang gave Hu Henghua 30.8 million USDT(approximately worth 210 million yuan, of which 10 million was a replacement fee). After Hu Henghua was investigated, the cold wallets were controlled, and relevant departments also found the flow of funds in six other cold wallets held by Lin Kechuang; among them, a sum of 15.5 million USDT transferred simultaneously with Hu Henghua was transferred to Luo Lin according to Lin Kechuang. Luo Lin was taken away by relevant authorities on April 14, 2026. His home was searched on the evening of April 15, but this cold wallet was not found. Later, relevant departments found Luo Lin's cold wallet at a third party's home.