I've never seen this in all my bike years. Is this by design, or is this a major malfunction? The race itself has no flat ends or groves to grab to tighten/loosen, which makes me think it's by design. This crank is off a '68 Huffy. With the bottom bracket adjusted it doesn't seem to affect operation, but when you take it apart it doesn't hold the sprocket on because there isn't any pressure.
Thoughts?
Thoughts?