Crypto watchdog ZachXBT has accused a senior executive at Axiom Exchange of misusing internal tools to access confidential wallet information — allegations that have intensified scrutiny around potential insider trading in the sector.
In a thread posted Thursday on X, ZachXBT alleged that Broox Bauer, a New York–based senior business development employee at Axiom, tapped into internal dashboards to retrieve sensitive user data, including linked wallet addresses and account identifiers. According to the investigator, the information was shared with a small group that tracked the trading behavior of prominent crypto influencers.
Axiom, founded in 2024 by Mist and Cal and backed through Y Combinator’s Winter 2025 program, has reportedly generated more than $390 million in cumulative revenue. ZachXBT said he had been retained to examine claims of internal misuse, though he did not disclose who engaged his services.
Internal Tools Allegedly Exploited
Audio clips included in the thread purportedly capture Bauer claiming he could trace “any Axiom user” via referral codes, wallet addresses or unique IDs, and uncover detailed activity tied to those accounts. In the same recording, the speaker allegedly described gradually expanding wallet monitoring efforts to avoid raising suspicion.
Axiom said in a statement on X that it was “shocked and disappointed” by the alleged misconduct. The company confirmed that access to certain internal customer support tools had been revoked and that an internal investigation is ongoing. It pledged to hold any responsible parties accountable but declined further comment.
ZachXBT also claimed that screenshots shared in April and August 2025 revealed private wallet data connected to specific traders, including associated addresses and registration details. He alleged that a group compiled wallet information on several crypto key opinion leaders (KOLs) in a shared document using data drawn from Axiom’s internal dashboard.
Several individuals named in the leaked material independently verified the accuracy of the wallet information, ZachXBT said.
Focus on Memecoin Trades
The alleged activity centered on identifying traders known for accumulating large memecoin positions from undisclosed wallets prior to publicly promoting those tokens. By uncovering such wallets, the group could theoretically monitor accumulation trends and position ahead of expected price surges.
ZachXBT said he identified what he believes to be Bauer’s primary wallet and traced related addresses, noting that funds were transferred to deposit accounts at centralized exchanges. However, he cautioned that without internal access logs, blockchain analysis alone is insufficient to conclusively prove insider trading.
Prediction Markets React
The allegations surfaced amid heightened attention on crypto trading practices. A heavily traded market on Polymarket, speculating on the identity of a firm facing scrutiny, generated more than $30 million in volume over the week.
Earlier, Solana-based liquidity provider Meteora led the odds in the market. By Thursday morning in Europe, sentiment had shifted, with Axiom emerging as the leading candidate, followed by Meteora and a broader “others” category.
While such prediction markets reflect trader expectations, they do not constitute verified evidence or determine the outcome of any formal investigation.
