Sonic the Hedgehog creator Yuji Naka was arrested for insider trading, Shocking news of 2022. All you need to know.

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

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The news, first detailed by Japanese news site FNN, has been certified by the Asahi Shimbun paper in an English-language report.

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Naka is claimed to have purchased stock in developer Aiming in mid-2020, in light of inside data that it would be developing a Dragon Quest mobile game.

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Dragon Quest Tact. At that point, distributer Square Enix's partnership with Pointing on the game was not yet open.

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Yuji Naka was working at Square Enix on the ill-fated and doomed platformer Balan Wonderworld, as per the reports.

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The arrest was made by the special investigations unit of the Tokyo District Public Prosecutors Office.

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Yuji Naka purchased 10,000 shares in Aiming for about 2.8 million yen ($20,000) after knowing about Dragon Quest Tact in late January 2020.

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He was probably hoping to profit from an increase in the share price after the game was announced and released.

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A day earlier, former Square Enix employees Taisuke Sazaki and Fumiaki Suzuki were arrested on similar charges.

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