Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 41

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 41
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 we face increased operational risks. We do

not control the operation of any of these third parties, including the data center facilities we use. These third parties

may be subject to financial, legal, regulatory, and labor issues, cybersecurity incidents, break-ins, computer viruses,

denial-of-service attacks, sabotage, acts of vandalism, privacy breaches, service terminations, disruptions,

interruptions, and other misconduct. They are also vulnerable to damage or interruption from human error, power

loss, telecommunications failures, fires, floods, earthquakes, hurricanes, tornadoes, pandemics (like the COVID-19

pandemic) and similar events. There can be no assurance that third parties that provide services to us or to our

customers on our behalf will continue to do so on acceptable terms, or at all. If any third parties do not adequately or

appropriately provide their services or perform their responsibilities to us or our customers on our behalf, such as if

third-party service providers were to close their data center facilities without adequate notice, are unable to restore

operations and data, fail to perform as expected, or experience other unanticipated problems, we may be unable to

procure alternatives in a timely and efficient manner and on acceptable terms, or at all, and we may be subject to

business disruptions, losses or costs to remediate any of the deficiencies, customer dissatisfaction, reputational

damage, legal or regulatory proceedings, or other adverse consequences which could harm our business.

In addition, we are continually improving and upgrading our information systems and technologies.

Implementation of new systems and technologies is complex, expensive, time-consuming, and may not be

successful. If we fail to timely and successfully implement new information systems and technologies, or

improvements or upgrades to existing information systems and technologies, or if such systems and technologies do

not operate as intended, it could have an adverse impact on our business, internal controls (including internal

controls over financial reporting), operating results, and financial condition.

Our current and future services are dependent on payment networks and acquiring processors, and any changes

to their rules or practices could adversely impact our business.

35

We rely on banks and other payment processors to process customers’ payments in connection with the

purchase of crypto assets on our cryptocurrency exchanges and we pay these providers fees for their services. From

time to time, payment networks have increased, and may increase in the future, the interchange fees and assessments

that they charge for transactions that use their networks. Payment networks have imposed