Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 10

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 10
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, such as payments and commerce enablement; and •seeking to provide and explore additional on -rampservices between fiat and crypto assets, and various user applications. As of March 31, 2022, 2023 and 2024 and September 30, 2024, our customer assets (IFRS) were ¥485 billion, ¥330 billion, ¥708 billion and ¥639 billion, respectively. Our marketplace trading volume was ¥568.4 billion, ¥157.1 billion, ¥234.6 billion and ¥128.1 billion during the years ended March 31, 2022, 2023 and 2024 and the six months ended September 30, 2024, respectively. Our Mission Our mission is to increase the accessibility of new forms of investing and commerce for our highly -engagedcustomer base. With Japan as our first and only current market, we believe that in achieving our mission we will also contribute to the revitalization of the Japanese economy. In pursuit of our mission, we will continue to create crypto asset solutions that enable our users to access and transact utilizing crypto assets and blockchain technologies. Since the launch of our crypto exchange in 2014, we have provided our young, highly -engagedretail customer base with the opportunity to become familiar with crypto assets by offering a service that is easy to use for anyone, regardless of financial or technological literacy. Our History After our establishment in 2012 as ResuPress K.K., we launched our crypto asset trading service, “Coincheck” in 2014 and subsequently changed our corporate name to Coincheck, Inc. in 2017. In April 2018, we were acquired by Monex Group, Inc., or Monex, for ¥3.6 billion. At the time of the acquisition, we were implementing ongoing improvements to our security systems to strengthen customer protection and corporate governance through more fully developed risk management systems following a cybersecurity incident in January 2018 in which our NEM hot wallet was hacked and we lost 526.3 million NEM, or ¥46.6 billion, of customer funds. Although we compensated customers who were adversely affected by the cybersecurity incident, we were subject to lawsuits relating to the calculation of the compensation provided. Some of these lawsuits have been resolved by judgment or alternative dispute resolutions but as of September 30, 2024 there is one remaining lawsuit demanding approximately ¥5million. In part as a response to this cybersecurity incident, as well as similar hacking incidents that occurred