Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 50

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 50
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 services) for illicit or objectionable ends, the
actions of our customers, or the actions of other companies that provide similar services to ours, has in the past, and could in the future,
adversely affect our reputation. Further, we have in the past, and may in the future, be the target of social media campaigns criticizing
actual or perceived actions or inactions that are disfavored by our customers, employees, or society at-large, which campaigns could materially
impact our customers’ decisions to use our platform. Any such negative publicity could have an adverse effect on the size, activity,
and loyalty of our customers and result in a decrease in net revenue, which could adversely affect our business, operating results, and
financial condition.

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Our products and services
may be exploited to facilitate illegal activity such as fraud, money laundering, gambling, sanctions violations, tax evasion, and scams.
If any of our customers use our products or services to further such illegal activities, our business could be adversely affected.

Our products and services may
be exploited to facilitate illegal activity including fraud, sanctions violations, money laundering, gambling, tax evasion, and scams.
We or our partners may be specifically targeted by individuals seeking to conduct fraudulent transfers, and it may be difficult or impossible
for us to detect and avoid such transactions in certain circumstances. The use of our platform for illegal or improper purposes could
subject us to claims, individual and class action lawsuits, and government and regulatory investigations, prosecutions, enforcement actions,
inquiries, or requests that could result in liability and reputational harm for us. Moreover, certain activities that may be legal in
one jurisdiction may be illegal in another jurisdiction, and certain activities that are at one time legal may in the future be deemed
illegal in the same jurisdiction. As a result, there is significant uncertainty and cost associated with detecting and monitoring transactions
for compliance with local laws. In the event that a customer is found responsible for intentionally or inadvertently violating the laws
in any jurisdiction or we are found responsible for failure to prevent the use of our products or services for illegal activities, we
may be subject to governmental inquiries, enforcement actions, prosecuted, or otherwise held secondarily liable for aiding or facilitating
such activities. Changes in law have also increased the penalties for certain illegal activities, and government authorities may consider
increased or additional penalties from time to time. Any threatened or resulting claims could result in reputational harm, and any resulting
liabilities, loss of