ZachXBT alleges Axiom employees misused internal tools to access private wallet data, raising serious insider trading and oversight concerns.
Blockchain investigator ZachXBT has accused several employees at crypto exchange Axiom of serious misconduct. He alleges that staff members used internal tools to access private user data. Therefore, the case has raised new concerns about insider trading in crypto platforms.
Axiom is a crypto trading platform that was established in 2024 by Mist and Cal. The company was a part of Y Combinator’s Winter 2025 batch. Since then, it reportedly generated over $390M USD in revenue.
1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025. pic.twitter.com/KwICQMJL1q
— ZachXBT (@zachxbt) February 26, 2026
ZachXBT said he was hired to investigate allegations regarding employee behavior. His probe was into allegations that sensitive wallet data was misused. As a result, his findings have been sparking debate among the public online.
Allegations Against Senior Employee Broox Bauer
The primary employee mentioned in the report is Broox Bauer. He is a senior business development worker in New York. According to leaked audio clips, he said he could track any Axiom user.
In the recordings, Broox explained that he could search users based on referral code, wallet or UID. He is said to have been able to “find out anything” about a person. Furthermore, he described researching 10 to 20 wallets at beginning.
He apparently did slowly so as not to arouse suspicion. In another clip, he was explaining rules for asking for wallet searches. He also vowed to send complete wallet lists to others.
In April 2025, Broox posted a screenshot of Axiom’s internal dashboard. The image displayed private wallets belonging to a trader by the name of Jerry. Later on, in August 2025, he posted another screenshot related to trader Monix.
He also spoke of looking up users who are trading the meme coin AURA. These moves imply that access to private data was used for more than official purposes. As a result the issue might involve the risks of insider trading.
Google Sheet, KOL Targets, and Wallet Tracking
The group reportedly created a Google Sheet listing wallet addresses. These were the wallets of a number of key opinion leaders, known as KOLs. The addresses were collected from Axiom’s in-house dashboard.
Several KOLs later confirmed that the wallet data was accurate. Therefore, the internal information appeared to have been real. This detail makes the allegations all the more serious.
One targeted trader was Marcell who had a controversial reputation over the internet. He frequently purchased large supplies of meme coins before promoting them. This strategy is sometimes referred to as bundling.
Traders such as Marcell were deemed to be high-value targets. Their private wallets were hardly public. As a result, access to internal wallet data could provide unfair trading advantages.
ZachXBT also found Broox’s main wallet address. He charted related addresses with heavy meme coin trading. However, he pointed out that to prove internal insider trades, one needs internal timing logs.
Company Response and Ongoing Investigation
Axiom responded with an official statement to the allegations. The company stated that they revoked access to relevant tools. It also promised to investigate and hold the wrongdoers accountable.
The recordings refer also to other employees and moderators. Broox allegedly talked about Ryan, named Ryucio and a moderator called Mystery. Another person, Gowno, was said to be a close friend.
During a call in February 2026, Broox explained a plan. He reportedly talked about aiding Gowno in receiving $200K in quick succession. The plan was to take the access internally for personal gain.
Private chat messages displayed screenshots of exchange balances. These images implied that profits had been made already. Therefore, the scheme may be active from early 2025.
ZachXBT said that monitoring and access controls were poor. He said business development positions usually do not get such deep visibility into the wallet. Consequently, internal security systems may need major changes.
He additionally recommended that the case may come under the jurisdiction of New York. Since Broox is based in NYC, the federal authorities can review it. Whether charges will follow is unclear.
For now, Axiom says it will continue with its internal investigation. The company has promised that it will provide updates as the review continues. Meanwhile, the case underlines the importance of effective oversight of crypto exchanges.