Core Insights - The ARK project has revealed significant vulnerabilities in its smart contract, raising questions about its decentralization and transparency claims [1] - The existence of privileged addresses within the ARK project's smart contract allows for unlimited token minting, undermining the project's fairness principles [3] - The project's white paper and audit reports fail to disclose critical mechanisms, misleading investors and contradicting the blockchain ethos of transparency [4] - The presence of privileged addresses creates a fatal flaw in the tokenomics, allowing a few individuals to control the token supply and potentially manipulate the market [6] Group 1 - The ARK project has a hidden mechanism that grants unlimited minting rights to privileged addresses, challenging the notion of decentralization [1][3] - The privileged addresses, oracle and rbs, can mint any amount of tokens without restrictions, posing a risk to the project's integrity [3] - The lack of disclosure regarding these mechanisms in the project's white paper and audit reports constitutes a serious misrepresentation to investors [4] Group 2 - The existence of privileged addresses means that token supply is controlled by a select few, which can lead to dilution of existing holders' rights and potential price collapse [6] - The project’s claims of decentralization are contradicted by the technical control retained by the project team, raising concerns about investor fraud [6] - The design of the privileged backdoor undermines the foundational trust in the blockchain's transparency, enabling potential market manipulation [6]