Sonic creator Yuji Naka arrested for insider trading

Yuji Naka, co-creator of Sonic the Hedgehog and former head of developer Sonic Team, has been arrested in Tokyo for insider trading.

This report was first reported by Japanese news site FNN

Also confirmed in an English language report by the Asahi Shimbun newspaper.

Let us inform you that Naka is alleged to have bought stock in developer Aiming in early 2020.

Based on inside information that he will be developing a Dragon Quest mobile game, Dragon Quest Tact.

At the time, publisher Square Enix's partnership with Aiming on the game had not yet been made public,

And Naka was working on the ill-fated platformer Balan Wonderworld at Square Enix.

The Special Investigation Unit of the Tokyo District Public Prosecutor's Office, which made the arrest, said that

Naka bought 10,000 shares in Aiming for about 2.8 million yen ($20,000) in late January 2020 after learning of the Dragon Quest tact.