Marble Mutt marketed itself as a permanent home for discerning dog-coin capital. Its Token-2022 configuration included a permanent delegate and additional transfer controls.
In this fictional case, a privileged wallet could move or burn holders’ tokens without their approval. A freeze authority also remained available to stop token accounts from moving.
These capabilities are not proof of fraud on their own. They were, however, material powers the buyers deserved to understand before committing funds.