Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 146

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 146
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 •Cybersecurity risk management •System planning, development, and operation management •External contractor management •Contingency plans Although we comply with regulatory requirements relating to the protection and safety of customer crypto assets that we hold, these assets are not insured or guaranteed by any government or government agency, and we do not maintain any insurance for the recovery of any potential loss of such customer assets. For more information on the regulatory requirements related to customer assets, see “— Regulatory Environment — Regulations on Crypto Asset Exchange Service.” Cover Counterparty Risk Management Policies As earlier described, we enter sale and purchase transactions with cover counterparties to minimize our position risk. Our cover counterparties go through extensive risk review as reputable trading parties in the crypto asset trading business prior to being approved by us. A trading counterparty may be an external exchange, market maker or broker in crypto assets or a broker connected to multiple OTC crypto asset venues. The counterparties provide bid ask pricing to us through API feeds for our crypto purchases and sales. The markets created or accessed by our counterparties are active markets, and the associated activity is orderly and has sufficient volume to have reliable information and therefore are representative of a fair price in the market. To provide a fair value representative price to our customers, we use the pricing provided by these counterparties. Our Dealing Department constantly monitors information with respect to our cover counterparties by reviewing real -timeinformation about each cover counterparty, as well as the crypto asset community in general, on social media, including but not limited to X (formerly, Twitter), and other available news sources, such as CoinDesk and The Block. We also review public proof of reserve transactions on -chainand use on -chainanalysis and research conducted by blockchain analytics platforms, such as Nansen and Defillama, to obtain additional information. 96 If we receive information that leads to credit concerns about a specific cover counterparty with which we transact, we would reduce the amount on deposit with such cover counterparty and transfer assets to another cover counterparty in order to permit uninterrupted execution of cover transactions. Moreover, if we receive information that could suggest reputational or legal concerns or put into question the ongoing viability regarding a cover counterparty, we would evaluate such information and concerns and, if we deem it necessary, take measures to transfer assets deposited with such cover counterparty to another cover counterparty and terminate the relationship with such cover counterparty. If we receive information that leads to credit, legal or reputational concerns with cover counterparties for a particular crypto asset, we