Multiple sources have confirmed that Peng Jing, the founding partner of Chongqing Jingsheng Law Firm, has recently been taken away by relevant departments on suspicion of involvement in a stablecoin bribery and money laundering case. It is reported that on March 20, 2026, Chongqing Mayor Hu Henghua was investigated, and on April 17, Chongqing Municipal Party Committee Standing Committee member Luo Lin was arrested, both of whom were involved in accepting bribes through stablecoin transactions. Lin Kechuang once paid 308 million USDT (approximately 210 million RMB) to Hu Henghua, of which 10 million was a handling fee. After Hu Henghua was investigated, the flow of funds in the cold wallet was exposed, and it is suspected that 155 million USDT was transferred to Luo Lin. No cold wallet was found in Luo Lin's home, and it was later discovered in a third-party home.
