Scan to download
BTC $79,112.37 -2.79%
ETH $2,226.09 -2.80%
BNB $673.35 -1.34%
XRP $1.44 -3.79%
SOL $89.34 -3.24%
TRX $0.3519 -0.52%
DOGE $0.1132 -2.58%
ADA $0.2620 -3.71%
BCH $426.93 -2.27%
LINK $10.08 -4.14%
HYPE $44.30 -0.82%
AAVE $93.07 -5.65%
SUI $1.10 -7.75%
XLM $0.1550 -4.84%
ZEC $517.64 -7.54%
BTC $79,112.37 -2.79%
ETH $2,226.09 -2.80%
BNB $673.35 -1.34%
XRP $1.44 -3.79%
SOL $89.34 -3.24%
TRX $0.3519 -0.52%
DOGE $0.1132 -2.58%
ADA $0.2620 -3.71%
BCH $426.93 -2.27%
LINK $10.08 -4.14%
HYPE $44.30 -0.82%
AAVE $93.07 -5.65%
SUI $1.10 -7.75%
XLM $0.1550 -4.84%
ZEC $517.64 -7.54%

qi

A partner at a law firm in Chongqing has gone missing, possibly involved in a 210 million yuan stablecoin bribery and money laundering case

Multiple independent sources have confirmed to Caixin that the founding partner and director of a law firm in Chongqing has recently been taken away by relevant authorities. This lawyer is Peng Jing, the founding partner and director of Chongqing Jingsheng Law Firm. There is speculation that she has numerous connections with the officials who have recently fallen from grace.According to analysts, lawyers from law firms are usually not taken away by the Central Commission for Discipline Inspection, "but Peng Jing has a very large network, and her case involves too many people." On March 20, 2026, Chongqing Mayor Hu Henghua was reported to be under investigation, and on April 17, Luo Lin, a member of the Chongqing Municipal Committee and secretary of the Liangjiang New Area Committee, was also announced to have fallen. Reports from the local political and business circles in Chongqing suggest that the downfall of Hu Henghua and Luo Lin is related to bribery and money laundering through stablecoins, and "Peng Jing may be a key figure, helping others launder money under the guise of collecting legal fees." Sources indicate that 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 for exchange fees). After Hu Henghua was investigated, the cold wallet was controlled, and authorities traced the funds from six other cold wallets held by Lin Kechuang; among them, a transfer of 15.5 million USDT that occurred simultaneously with Hu Henghua's was claimed by Lin Kechuang to have been sent to Luo Lin. Luo Lin was taken away by relevant authorities on April 14, 2026, and his home was searched on the evening of April 15, but this cold wallet was not found. Subsequently, authorities found Luo Lin's cold wallet at a third party's home.

Shu Qin Technology is exploring the RWA compliance issuance path suitable for Chinese enterprises

According to Xinhua News Agency's client report, eight departments have issued a document further emphasizing that virtual currency-related activities are illegal financial activities, and have defined compliance boundaries for RWA tokenization as "strictly prohibited domestically and strictly regulated abroad," specifically naming Shuqin Technology as a pioneer in RWA compliance.It is reported that Shuqin Technology is a blockchain company based in Hangzhou. Public information shows that its founder was involved in founding "Yibit" and served as CTO, being one of the earliest blockchain entrepreneurs in the country. Previously, Shuqin Technology had explored RBA (Real Business Assets), relying on "fully trustworthy data" to structurally present business operations, revenues, and risks, and has formed a "triple credit enhancement" governance framework: supporting asset sustainability with real business, achieving verifiability and traceability with trustworthy data, and preemptively establishing compliance requirements and responsibility boundaries through governance structure. At the same time, Shuqin has introduced the "granular data" methodology, breaking down business into the smallest verifiable units, fully presenting the business process chain to meet key requirements such as authenticity, traceability, and risk isolation, providing underlying support for new productive enterprises to connect with international capital.
app_icon
ChainCatcher Building the Web3 world with innovations.