TechFlow News, April 30: According to Caixin, multiple independent sources have confirmed to Caixin that the founding partner and director of a Chongqing-based law firm was recently taken into custody by relevant authorities. The lawyer is Peng Jing, founding partner and director of Chongqing Jing Sheng Law Firm. It is widely speculated that she is closely linked to several high-ranking officials recently investigated and removed from office. According to insiders, lawyers are rarely taken into custody by the Central Commission for Discipline Inspection (CCDI); however, “Peng Jing’s network is extremely extensive, and her case implicates numerous individuals.”
On March 20, 2026, Hu Henghua, Mayor of Chongqing, was announced to be under investigation; on April 17, Luo Lin, member of the Chongqing Municipal Party Committee and Secretary of the Liangjiang New Area Party Working Committee, was also publicly announced to be under investigation. According to information circulating among Chongqing’s political and business circles, Hu Henghua and Luo Lin’s downfalls are tied to bribery and money laundering involving stablecoins. “Peng Jing may be a key figure in this case—allegedly laundering money under the guise of collecting legal fees.”
According to insiders, in the Hu Henghua case, Lin Kechuang—the son-in-law of Lin Xiucheng—transferred 30.8 million USDT (approximately RMB 210 million, including RMB 10 million in exchange fees) to Hu Henghua. After Hu Henghua’s investigation began, his cold wallet was seized. Authorities then traced six additional cold wallets held by Lin Kechuang and uncovered their fund flows. One transaction of 15.5 million USDT, transferred simultaneously with Hu Henghua’s, was reportedly sent to Luo Lin, according to Lin Kechuang. Luo Lin was taken into custody by relevant authorities on April 14, 2026, and his residence was searched on the evening of April 15—but the cold wallet was not found. Subsequently, authorities located Luo Lin’s cold wallet at a third party’s residence.
