Nice find.
Just reached my knowledge of i2c and yeh found that the pullups have bee put on the hubs i2c lines as well as the line to the M5Stack port a.
nice but of bug fixing.
Just don't forget to put them back if you want to connect the ADC directly to the M5stack in future.
The readers works with 13.56Mhz tags and cards that support ISO14443A, MIFARE and NTAG.
I have mine reading and writing to cheep blank cards I found on ebay and programmed through the UIFlow environment.
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Just a caveat guys, beware that some vendors of the grove cables have the yellow and white wires switched so if you find your units aren't functioning correctly remember to check the cables first.