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Caixin: Prominent Female Lawyer in Chongqing Missing, Possibly Connected to Mayor Hu Xinghua Stablecoin Bribery Money Laundering Case

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**May 1st** Peng Jing, founding partner and director of Chongqing Jingsheng Law Firm, has been detained for investigation by authorities, Caixin reported Wednesday, citing multiple independent sources. The probe is linked to cases involving former Chongqing Mayor Hu Henghua and Luo Lin (a member of the Chongqing Municipal Committee and secretary of the Liangjiang New Area Party Committee). Sources in Chongqing’s political and business circles said Hu and Luo’s downfalls stemmed from bribery and money laundering involving stablecoins, with Peng allegedly assisting in fund management under the guise of “legal fees.” Lin Kechuang—son-in-law of Lin Xiucheng—once transferred $30.8 million in USDT (equivalent to ~210 million yuan) to Hu, the sources added. After Hu was investigated, authorities seized his cold wallet and traced funds in six other cold wallets linked to Lin Kechuang; $15.5 million in USDT from those wallets was reportedly transferred to Luo. Following Luo’s detention, a cold wallet he hid at a third-party location was also seized, reports noted.
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BitMine once again stakes 162,000 ETH, with 82% of holdings now staked

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