Yuji Naka, known as the father of Sonic the Hedgehog, has reportedly been arrested in Japan on suspicion of insider trading.two other men were reported to have been charged with insider trading connected to Final Fantasy publisher Square Enix
Naka, 57, is accused of purchasing shares worth 2.8m yen in Aiming, a Japanese developer which Square Enix partnered with to make a Dragon Quest mobile game, before the company's involvement was public knowledge.Yuji Naka worked with Square Enix on the platformer Balan Wonderworld, which launched to a lacklustre response.
Together, these men were alleged to have deliberately bought up Aiming stocks between December 2019 and February 2020, prior to the developer's project being announced. Naka worked with Square Enix around the same period, from the autumn of 2019 until around the time of Balan Wonderworld's underwhelming launch in 2021., and accused the publisher of releasing the game unfinished.
Why is this news? Just another Thursday in Japan 😅🤷♂️
I mean Balan Wonderworld was pretty terrible, but criminal..?
Blue Hedgehog loves Anacott Steel!!!
Sonic Insiders!
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