PANews reported on February 24th that, according to Caixin.com, the UK High Court held an asset disposal hearing on February 16th and 17th regarding a money laundering case involving approximately 60,000 Bitcoins. More than 11,300 applicants from China are seeking recourse, representing only about 8.8% of the 128,400 victims. The Bitcoin funds originated from the illegal fundraising case of Tianjin Lantian Gree Electronic Technology Co., Ltd. The main perpetrator, Qian Zhimin, fled to the UK with the cryptocurrency. His purchase of a luxury home triggered an anti-money laundering investigation, ultimately leading to his sentencing to 11 years and 8 months in prison. His more than 60,000 Bitcoins were frozen by UK authorities. Under the Proceeds of Crime Act, victims of the Lantian Gree case are allowed to register their evidence with the High Court before May 22nd to assert their right to recover the frozen assets.