A new investigation claims that employees at crypto trading platform Axiom abused internal tools to access private user data and profit from insider trading. Summary ZachXBT released a report accusing Axiom Exchange employees of misusing internal tools to track private wallets. The investigation linked leaked dashboards, recorded calls, and on-chain data to alleged insider trading and coordinated memecoin activity. Unusual betting on Polymarket before the reveal raised further questions about information leaks and market manipulation. On Feb. 26, blockchain investigator ZachXBT published a detailed report on X accusing staff at Axiom Exchange of misusing internal dashboards to track private wallets and trade ahead of users. According to the report, one of the main figures involved was Broox Bauer, known online as @WheresBroox, a senior business development employee based in New York. ZachXBT said Bauer had access to internal systems that allowed him to search users by referral code, wallet address, or user ID. Internal tools allegedly used to track private wallets Recordings and leaked screenshots reviewed by the investigator show Bauer discussing how he researched 10 to 20 wallets at first and expanded gradually to avoid detection. In one clip, he claimed he could “find out anything” about an Axiom user. In another, he outlined rules for requesting lookups and offered to share full wallet lists. Screenshots from April and August 2025 allegedly showed internal dashboards displaying private wallet connections for traders identified as “Jerry” and “Monix.” Bauer also discussed tracking users who traded the memecoin AURA. ZachXBT said the group compiled this information into Google Sheets, mapping wallet addresses linked to prominent traders and influencers. Several of those named reportedly confirmed that the data matched their private wallets. One targeted trader, Marcell, was known for accumulating large token supplies before promoting projects to followers. Investigators said such traders were attractive targets because their private wallets were rarely public, making internal data especially valuable. On-chain analysis linked Bauer’s main wallet and related addresses to heavy memecoin trading. Funds were traced to multiple centralized exchange deposit wallets, although ZachXBT noted that confirming exact insider trades would require Axiom’s internal logs. The report also mentioned other employees and associates, including Ryan (Ryucio), Gowno (Seb), and a moderator known as Mystery, as being involved in or aware of lookup activity. Axiom was founded in 2024 and later joined Y Combinator’s Winter 2025 batch. ZachXBT said the company had generated more than $390 million in revenue to date. Polymarket bettors realize huge profits The investigation also triggered unusual activity on Polymarket, where users had previously bet on which company would be exposed. In the days before the report, the market saw more than $23 million in volume. Two wallets reportedly placed nearly $60,000 in bets on Axiom just hours before the reveal and earned about $109,000, according to data shared by Lookonchain. “Insiders making money on a bet about insider trading — interesting,” Lookonchain remarked. Another trader, “predictorxyz,” wagered $65,800 when odds were below 14% and later made more than $411,000. Some analysts suggested these trades may have relied on non-public information. Following the report, Axiom released a statement saying it was “shocked and disappointed” by the alleged misuse of internal tools. The company said it had removed access to the systems involved and launched an internal investigation. ZachXBT criticized Axiom for weak access controls, noting that business development staff could view full wallet histories, nicknames, and linked accounts. He added that the case may fall under the jurisdiction of the Southern District of New York because Bauer is based in New York. Whether criminal charges follow remains unclear. However, the report has renewed concerns about employee oversight, data security, and insider risk within fast-growing crypto platforms.
