UK Prosecutors Seek to Seize Over £137,577 in Assets from Drug Trafficker Costello
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 04 2026- Asset Seizure Action: UK prosecutors have initiated proceedings to seize all assets belonging to Craig Costello, including cash, property, and digital assets, with an estimated total exceeding £137,577, demonstrating a zero-tolerance approach to drug-related crimes.
- Illegal Profit Tracking: Investigators have traced approximately £1.6 million in illegal profits from drug trafficking to Costello, identifying payments into his bank account and £4,012.21 worth of Ethereum Classic, further revealing the criminal nature of his financial activities.
- Property Disposal Progress: The prosecution has disposed of Costello's five-bedroom home, with an equity value of £107,722, although financial disputes with his ex-wife remain unresolved, highlighting the complexities of legal proceedings in asset recovery.
- Cohorts' Asset Liquidation: Costello's three accomplices have repaid nearly £300,000 of their illegal profits, significantly less than the £4 million they earned, reflecting the economic consequences of drug trafficking and the severity of legal accountability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
