A man has been charged a year after allegedly stealing $140,000 worth of cryptocurrency.

Police allege the 36-year-old accessed a 29-year-old man’s online account and transferred the funds to his own digital wallet.

Detectives launched an investigation in November last year after reports of a large amount of cryptocurrency being stolen.

Following months of inquiries, the 36-year-old was arrested on Tuesday morning during a search warrant at a home in Barrack Point, in Shellharbour, south of Wollongong.

Several electronic devices were also seized for forensic examination.

The man has been charged with dishonestly obtaining a financial advantage by deception.

He was granted conditional bail and is due to appear before Port Kembla Local Court on December 3.

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