Chongqing lawyer Peng Jing, founding partner of Chongqing Jingsheng Law Firm, has been detained by authorities amid a $30.8 million USDT money laundering investigation. Peng is allegedly linked to high-ranking officials recently ousted from office, including Chongqing Mayor Hu Henghua and Luo Lin, a member of the Chongqing Municipal Party Standing Committee. Both officials are under investigation for bribery and money laundering involving stablecoins. The case involves significant fund transfers, with insiders suggesting Peng Jing played a crucial role in laundering money disguised as legal fees. Authorities have traced substantial USDT transactions, including a 15.5 million USDT transfer linked to Luo Lin. Investigations have led to the seizure of cold wallets and further scrutiny of financial flows connected to the implicated officials.