This document is a technical report detailing the implementation review of Aleo Systems' snarkVM, a virtual machine designed for zero-knowledge proofs. Conducted by NCC Group's Cryptography Services team, the review focused on specific components of the snarkVM platform, including the synthesizer, algorithms, and ledger. The evaluation involved a thorough examination of the codebase, utilizing a total of 60 person-days of effort by four consultants. The report outlines key findings, including issues related to incorrect ratification checks and potential vulnerabilities in proof building and verification processes. Recommendations for improving code quality and security are provided, emphasizing the need for comprehensive unit tests and stricter input validation. The review also includes a breakdown of identified issues, categorized by severity, and notes on the status of each finding after retesting. Overall, the report aims to enhance the security and reliability of the snarkVM implementation.