Crypto sleuth ZachXBT claims an employee at Axiom engaged in insider trading.

Crypto investigator ZachXBT has accused a senior employee at Axiom Exchange of misusing internal dashboards to access private wallet data — allegations that have sparked concerns about potential insider trading.

In a thread published Thursday on X, ZachXBT claimed that Broox Bauer, a New York–based senior business development executive at Axiom, improperly accessed internal customer support tools to retrieve sensitive user information. The data allegedly included linked wallet addresses and account identifiers, which were then shared with a small circle that tracked trading activity of prominent crypto influencers.

Axiom, founded in 2024 by Mist and Cal and part of Y Combinator’s Winter 2025 cohort, has generated more than $390 million in revenue to date, according to ZachXBT. He said he had been retained to examine claims of internal tool misuse but did not disclose who commissioned the investigation.

Alleged Access to Sensitive Data

Audio clips shared in the thread purportedly feature Bauer claiming he could track “any Axiom user” via referral codes, wallet addresses or unique IDs and uncover extensive account-related information. In the same recording, the individual describes starting with research on 10–20 wallets before gradually expanding the activity “so it does not look that suspicious.”

In posts on X, Axiom said it was “shocked and disappointed” by the alleged conduct, confirming that internal customer support tool access had been revoked. The company said it is continuing its investigation and would hold responsible parties accountable. Axiom did not respond to direct media inquiries.

ZachXBT further alleged that screenshots shared in April and August 2025 showed private wallet data tied to specific traders, including connected addresses and registration details. According to the investigator, a group compiled wallet information for several crypto key opinion leaders (KOLs) in a Google Sheet using data sourced from Axiom’s internal systems.

Several individuals named in the leaked material independently verified the accuracy of their wallet details, ZachXBT said.

Memecoin Strategy Under Scrutiny

The alleged scheme centered on identifying traders known for quietly accumulating large memecoin positions from undisclosed wallets before publicly promoting tokens. By uncovering these wallets, the group could theoretically monitor buying patterns and position themselves ahead of anticipated price swings.

ZachXBT said he traced what he believes to be Bauer’s primary wallet and mapped related addresses, noting that funds were routed to deposit addresses at centralized exchanges. However, he cautioned that without access to Axiom’s internal logs, it is difficult to conclusively establish insider trading based solely on blockchain data.

Prediction Markets React

The allegations emerged amid heightened scrutiny of trading conduct across the crypto sector. Earlier this week, a widely followed market on Polymarket — speculating on the identity of a firm under investigation — shifted sharply toward Axiom, generating more than $30 million in trading volume.

At the start of the week, Solana-based liquidity platform Meteora led the odds at roughly 43%, with Axiom, Pump.fun, Jupiter and MEXC trailing. By Thursday morning in Europe, Axiom had moved into the top position at 35%, followed by Meteora at 26%, with the “others” category at 15%.

While prediction market pricing reflects trader sentiment, it does not constitute verified evidence or provide definitive insight into the outcome of any ongoing investigation.