Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 37

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 37
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 our cryptocurrency marketplace or exchanges, or NFT marketplace, including any caused by cyberattacks, may harm our reputation and our business, operating results, and financial condition. On January14, 2025, government agencies of the United States, Japan and the Republic of Korea issued a joint statement highlighting a recent pattern of malicious cyber activity by affiliates of the Democratic People’s Republic of Korea (“DPRK”) targeting the blockchain technology industry. The joint statement attributes over $300million in losses in 2024 to DPRK -affiliatedcybercrime campaigns targeting cryptocurrency exchanges, digital asset custodians and individual users through well -disguisedsocial engineering attacks. Such organized cybercrime operations pose a heightened risk to our operations and digital infrastructure, and our reputation as a secure trading platform may be jeopardized in the event of such an attempted or a successful cyberattack. Additionally, the continued success of DPRK -affiliatedcyberattacks on our competitors’ platforms may negatively affect public perception of industry security and harm our ability to attract new users and customers. Due to our limited operating history, it may be difficult to evaluate our business and future prospects, and we may not be able to achieve or maintain profitability in any given period. We began operations in 2012 and publicly launched our crypto asset trading service in 2014. As a result, our revenue has significantly grown since our formation, but there is no assurance that this growth rate will continue in future periods and you should not rely on the revenue growth of any given prior quarterly or annual period as an indication of our future performance. Our limited operating history and the volatile nature of our business make it difficult to evaluate our current business and our future prospects. For example, our operating history has coincided with an extended period of general growth in the value of crypto assets as a whole. We have also encountered, and will continue to encounter, risks and difficulties frequently experienced by growing companies in rapidly changing and heavily regulated industries, including achieving market acceptance of our products and services, attracting and retaining customers, complying with laws and regulations that are subject to evolving interpretations and application, and increasing competition and expenses as we expand our business. We cannot be sure that we will be successful in addressing these and other challenges we may face, and our business may be adversely affected if we do not manage these risks successfully. The majority of our revenue is from transactions in certain crypto assets, such as Bitcoin, Ethereum , XRP or other specific crypto assets. If demand for any particular crypto asset declines and is not replaced by new