Crypto investigator ZachXBT has alleged that a senior staff member at Axiom Exchange improperly accessed internal systems to retrieve confidential user wallet data, raising concerns about possible insider trading.
In a detailed thread posted Thursday on X, ZachXBT claimed that Broox Bauer, a New York–based senior business development executive at Axiom, used internal dashboards to look up sensitive account information — including linked wallet addresses and user identifiers. According to the investigator, the data was shared with a small group that tracked transactions tied to prominent crypto influencers.
Axiom, founded in 2024 by Mist and Cal and part of Y Combinator’s Winter 2025 batch, has reportedly generated more than $390 million in revenue to date. ZachXBT said he was hired to examine allegations of internal tool misuse but did not disclose who retained him.
Claims of Dashboard Misuse
Audio clips shared in the thread purportedly feature Bauer describing the ability to trace “any Axiom user” through referral codes, wallet addresses or unique IDs and to uncover related activity. In the recording, the individual allegedly explains that he initially reviewed a small number of wallets before scaling up activity gradually to avoid drawing attention.
In a public statement on X, Axiom said it was “shocked and disappointed” by the alleged misconduct, confirming that access to the relevant customer support tools had been revoked. The company added that it is continuing to investigate and will hold responsible parties accountable. It did not respond to direct requests for additional comment.
ZachXBT also alleged that screenshots circulated in April and August 2025 displayed private wallet data connected to specific traders, including associated addresses and registration details. He claimed that a group compiled wallet information for several crypto key opinion leaders (KOLs) in a shared document using data extracted from Axiom’s internal dashboard.
Several individuals referenced in the materials independently confirmed the accuracy of the wallet data, according to the investigator.
Potential Trading Edge
The alleged activity focused on identifying traders who quietly accumulated sizable memecoin positions through previously undisclosed wallets before promoting those tokens publicly. By mapping these wallets, the group could theoretically monitor buying patterns and position themselves ahead of expected price moves.
ZachXBT said he traced what he believes to be Bauer’s primary wallet and linked addresses, observing transfers to deposit accounts at centralized exchanges. However, he emphasized that without internal access logs from Axiom, it is difficult to definitively prove insider trading based solely on blockchain analysis.
Market Reaction
The allegations surfaced as scrutiny of crypto trading practices intensifies. A widely followed prediction market on Polymarket — speculating on the identity of a firm facing investigation — saw significant volume exceeding $30 million.
Earlier in the week, Solana-based liquidity protocol Meteora was viewed as the leading candidate, with Axiom trailing. By Thursday morning in Europe, sentiment had shifted, with Axiom emerging as the frontrunner, followed by Meteora and a broader “others” category.
While prediction market odds reflect trader positioning, they do not provide verified evidence or determine the outcome of any formal inquiry.
