Popular crypto investigator ZachXBT reveled his hyped insider trading investigation, and it centered around Axiom, a decentralized trading terminal that lets users trade crypto directly from their own wallet without giving up custody.
His mysterious viral post earlier this week sparked more than $2 million in bets on Polymarket, as users speculated which company he will expose. Axiom had a 13% chance, which means users betting on it made significant profits.
ZachXBT’s Mystery Post Sparked a Polymarket Betting FrenzyAxiom Employee Abused Internal Access to Track User Wallets
ZachXBT’s investigation centers on Broox Bauer, a senior business development employee at Axiom Exchange, who allegedly used internal tools to access sensitive user data and track private wallets for insider trading.
According to the findings:
- Broox allegedly accessed Axiom’s internal dashboard to view private wallet connections tied to users
- He could reportedly identify wallets using referral codes, UID, or wallet linkage
- He allegedly shared this information with a private group to identify profitable trading targets
- The group compiled wallet lists in Google Sheets to monitor and potentially front-run trades
This is significant because private wallet attribution is extremely valuable information in meme coin trading, where early positioning determines profits.
Internal Dashboard Reportedly Exposed Highly Sensitive User Intelligence
One of the most concerning aspects is the level of internal access reportedly available to employees.
ZachXBT states the internal dashboard provided visibility into:
- Full wallet lists linked to specific users
- Transaction history
- Wallet nicknames
- Connected accounts
- Wallet tracking activity
- Timestamped activity data
This type of access would allow an insider to monitor high-performing traders in real time and trade ahead of them.
In traditional finance, using non-public customer trading information in this way would clearly qualify as insider trading.
The investigation cites multiple forms of supporting evidence including private call recordings.
In recorded conversations, Broox allegedly explained how to lookup users discreetly. He also described tracking 10–20 wallets initially to avoid suspicion, and discussed helping others profit quickly using internal access
These recordings are central to the investigation.
The recordings suggest broader internal involvement, including Axiom moderators and additional business development staff
Notably, ZachXBT was independently retained to investigate these claims. Axio stated that they were not aware of this situation, and are investigating this further.
Axiom’s Official StatementThis case exposes a major structural risk in crypto trading platforms.
Centralized internal analytics tools combined with poor access controls create insider trading opportunities.
Even non-custodial platforms can still have centralized internal intelligence.
Source: https://beincrypto.com/zachxbt-exposes-insider-trading-scandal-axiom-exchange/
