ZachXBT accuses an employee of Axiom of profiting from insider information.

Blockchain investigator ZachXBT has accused a senior employee at Axiom Exchange of exploiting internal systems to access confidential wallet data, prompting concerns about potential insider trading activity.

In a post published Thursday on X, ZachXBT alleged that Broox Bauer, a New York–based senior business development executive at Axiom, leveraged internal dashboards to retrieve sensitive user information, including linked wallet addresses and account identifiers. The data was allegedly shared with a small circle that tracked trading patterns of prominent crypto influencers.

Axiom, launched in 2024 by Mist and Cal and backed as part of Y Combinator’s Winter 2025 cohort, has reportedly generated more than $390 million in revenue. ZachXBT said he was hired to review claims of internal tool misuse but did not disclose the party that engaged him.

Allegations of Data Access

According to audio clips circulated in the thread, an individual said to be Bauer claimed he could trace “any Axiom user” using referral codes, wallet addresses or unique IDs and uncover extensive account-related information. In the same recording, the person describes gradually expanding wallet monitoring activity to avoid attracting suspicion.

In response, Axiom said on X that it was “shocked and disappointed” by the alleged behavior. The company stated it had revoked access to the relevant internal tools and is conducting an investigation, adding that it will hold responsible individuals accountable. The firm did not respond to direct media inquiries.

ZachXBT further alleged that screenshots shared in April and August 2025 displayed private wallet data linked to specific traders, including associated addresses and registration details. He claimed a group compiled wallet information for multiple crypto key opinion leaders (KOLs) in a shared spreadsheet using data obtained from Axiom’s internal systems.

Several individuals referenced in the materials independently confirmed that the wallet details were accurate, according to the investigator.

Monitoring Memecoin Activity

The alleged conduct centered on identifying traders who accumulated significant memecoin positions through undisclosed wallets before publicly promoting tokens. By mapping those wallets, the group could theoretically monitor accumulation trends and establish positions ahead of anticipated price movements.

ZachXBT said he traced what he believes to be Bauer’s primary wallet and linked addresses, noting transfers to deposit addresses at centralized exchanges. However, he cautioned that without access to Axiom’s internal activity logs, it remains difficult to conclusively prove insider trading based solely on blockchain data.

Prediction Markets Shift

The claims emerged amid growing scrutiny of trading practices across the crypto sector. A closely watched market on Polymarket, which speculated on the identity of a firm under investigation, generated more than $30 million in volume this week.

Earlier, Solana-based liquidity platform Meteora had been the leading candidate in the market. By Thursday morning in Europe, sentiment shifted, with Axiom moving into the top position, followed by Meteora and an “others” category.

While prediction market pricing reflects trader sentiment, it does not provide verified evidence or determine the outcome of any official investigation.

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