Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 235

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 235
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 a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates. Evaluation of the existence of and the Company’s rights related to crypto assets (current assets) held in cold wallets, and assessment of the obligation to safeguard crypto assets held on behalf of its customers in cold wallets As discussed in Notes 3 (3) (a), 4 (1) (d), 13 and 30 (1) to the consolidated financial statements, the Company holds crypto assets for its own account (crypto assets held (current assets)) and, on behalf of its customers, in cold wallets. These cold wallets are administered by the Company and the Company has control of the private keys associated with them, allowing it to access and transact with the crypto assets held therein. If a private key is lost, destroyed or otherwise compromised, the Company would lose access to the crypto asset. If the Company loses access to a crypto asset held for its own account, the Company derecognizes the crypto asset held. If the Company F-2 loses access to a crypto asset held on behalf of customers, the Company may be liable to its customers for losses arising from the Company’s failure to safeguard crypto assets from theft or loss. The Company has not incurred any losses from such obligations and therefore has not accrued any related liabilities as of March 31, 2025. We identified the evaluation of the existence of and the Company’s rights to crypto assets held (current assets) for its own account in cold wallets, and the assessment of the Company’s obligation to safeguard crypto assets held on behalf of its customers in cold wallets as a critical audit matter. A high degree of auditor judgment was required to determine the nature and extent of the procedures performed and audit evidence obtained to evaluate the existence of and the Company’s rights to crypto assets held (current assets) for its own account in cold wallets, and the assessment of the obligation to safeguard crypto assets held on behalf of its customers in cold wallets, as control over these crypto assets is provided through private keys. The