ZachXBT alleges Axiom staff member abused internal access for insider trading
ZachXBT alleges an Axiom Exchange employee used internal access to track user wallets and potentially engage in insider trading since 2025.Summary
Axiom Exchange, a Solana-based trading platform backed by Y Combinator, is facing allegations of insider trading. ZachXBT, an on-chain investigator, identified Broox Bauer, a senior business development employee, as allegedly exploiting internal tools to access private user wallet data since early 2025. Recordings reveal Bauer discussing his ability to look up user information and plans to help colleagues profit from privileged access, including a scheme to generate $200,000 in profits. A spreadsheet compiling wallet addresses of crypto influencers was also discovered. While the co-founders' awareness is unclear, the investigation highlights a lack of adequate monitoring and access restrictions on the platform, with business development roles having access to complete wallet histories and transaction records. Axiom Exchange, founded in 2024, generated over $390M in revenue by late 2025.
(Source：Crypto Briefing)