Caixin: A partner of a law firm in Chongqing has gone missing and may be involved in a 210 million yuan stablecoin bribery and money laundering case Odaily Planet Daily News: Multiple independent sources have confirmed to Caixin that the founding partner and director of a law firm in Chongqing have recently been taken away by relevant departments. This lawyer is Peng Jing, the founding partner and director of Chongqing Jingsheng Law Firm. The outside world speculates that he has intricate connections with the aforementioned high-ranking officials who have fallen from power. According to sources' analysis, lawyers from law firms are usually not taken away by the Central Commission for Discipline Inspection, and Peng Jing's network of connections is very large, involving too many people in her case. On March 20, 2026, Chongqing Mayor Hu Henghua announced that he was under investigation, and on April 17, Luo Lin, a member of the Standing Committee of the Chongqing Municipal Party Committee and Secretary of the Liangjiang New District Committee, announced his downfall. According to local political and business circles in Chongqing, the downfall of Hu Henghua and Luo Lin is related to money laundering through bribery with stablecoins, and "Peng Jing may be a key figure who helped others launder money under the guise of collecting legal fees". According to sources, in the Hu Henghua case, Lin Kechuang, the son-in-law of Lin Xiucheng, gave Hu Henghua 30.8 million USDT (approximately 210 million yuan, of which 10 million was a trade in fee). After Hu Henghua was investigated, the cold wallet was put under control, and relevant departments discovered the flow of funds in six other cold wallets held by Lin Kechuang; Among them, a transfer of 15.5 million USDT was made simultaneously with Hu Henghua, and according to Lin Kechuang, it was transferred to Luo Lin. Luo Lin was taken away by relevant departments on April 14, 2026, and his home was searched on the evening of April 15, but the cold wallet was not found. Afterwards, relevant departments found Luo Lin's cold wallet in a third-party home. (Caixin Network)