Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 28

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 28
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 this could result in an increase in our security -relatedexpenses, including an increase in insurance costs if we decide to take out an appropriate insurance policy in the future. There are various kinds and methods of cybersecurity attack that can gain access to our, and our customers and vendors’, computers, facilities, systems and information. These include unauthorized parties having attempted, and likely continuing to attempt in the future, things like hacking, social engineering, phishing, and attempting to fraudulently induce individuals into disclosing usernames, passwords, payment card information, or other sensitive information, which then may lead to access to our information technology systems and customers’ crypto assets. Threats can come from a variety of sources, including criminal hackers, “hacktivists,” state -sponsoredintrusions, industrial espionage, and insiders. Actors attempting these invasions that are supported by significant financial and technological resources make them even more sophisticated, dangerous and difficult to detect, and our costs and the resources we devote to protecting against these advanced threats and their consequences may continue to increase over time. 14 With respect to cybersecurity attacks supported by foreign countries, on January 14, 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 $300 million in losses in 2024 to DPRK -affiliatedcybercrime campaigns targeting cryptocurrency exchanges, digital asset custodians and individual users through well -disguisedsocial engineering attacks. We believe there is also heightened risks in Japan of state -supportedcybersecurity attacks from China. 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 and systems may negatively affect public perception of industry security and harm our ability to attract new users and customers. Crypto assets we support are not insured or guaranteed by any government or government agency, and we do not have insurance for the loss of our customers’ crypto assets. Our ability to keep safe crypto assets deposited by our customers requires a high level of internal controls. As our business continues to grow and we expand our product and service offerings, we must continue to strengthen our associated internal controls. Our success and the success of our offerings require significant public confidence