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The case is thought to be the first of its kind in the UK although similar incidents of cyber crime appear to be on the increase globally.

The man, who is based in the Avon and Somerset area, is alleged to have obtained login details for runescape gold, a role-playing game with some ten million users.

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He was arrested last Tuesday by detectives from the Central Police e-crime unit on suspicion of computer misuse offences, and accepted a police caution.

Industry experts said the case fell within a "legal grey area" but that any theft, virtual or real, should be taken seriously.