Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 118

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 118
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 crypto assets held (current assets) increased further to ¥44,207 million, of which ¥39,749 million were held in cold wallets. As of September30, 2024, our crypto assets held (current assets) were ¥35,633 million, of which crypto assets borrowed from customers accounted for ¥35,491 million. •We maintained cash and cash equivalents of ¥10.6 billion as of September30, 2024 and ¥10.8 billion as of March31, 2024. •In light of uncertain market conditions, we entered into a ¥3 billion line of credit from Monex Finance Corporation in December 2022, which as of September30, 2024 was unused after drawing down and subsequently repaying ¥3 billion in March 2023 and again drawing down and subsequently repaying ¥3 billion in June 2024. We have also entered into a ¥3 billion subordinated loan agreement with Monex Finance Corporation in September 2023, which as of September30, 2024 was unused after drawing down and subsequently repaying ¥3 billion in June 2024. In addition, the Company entered into a loan agreement for ¥200 million with JSF Trust and Banking Co., Ltd. in June 2021, which balance was increased to ¥500 million as of September30, 2024, and has been making short -termborrowings under this agreement several times a year, however all of the borrowings were repaid within about a week of the making of each respective loan and are currently unused. •Testing and improving our trading system’s ability to switch between cover counterparties on short notice and working to introduce a price aggregator to add additional cover counterparties. •Established a risk limit of ¥300 million for the amount we can deposit with Binance as of the end of September 2024. On June 5, 2023, the SEC filed a civil complaint in the U.S. District Court for the District of Columbia against Binance and other related entities, as well as Changpeng Zhao, Binance’s co -founderand CEO. The complaint consists of thirteen charges, including misleading investors and operating as an unregistered securities exchange, broker and clearing agency in violation of U.S. securities laws. Furthermore, on June 6, 2023, the SEC filed a 75 complaint in the U.S. District Court for the Southern District of New York against Coinbase for operating as an unregistered securities exchange, broker and clearing agency, and for