In a further twist, a wallet linked to the ringleader of the scheme netted over US$400,000 betting on Polymarket that Axiom would be the target of ZachXBT’s investigation.
Crypto sleuth ZachXBT has released the results of his latest in-depth investigation, exposing insider trading by employees at the DeFi platform Axiom that has been ongoing since early 2025.
In a Thursday post on X / Twitter, ZachXBT revealed that multiple Axiom employees, including one he identified by name as Broox Bauer, had abused Axiom’s “lack of access controls for internal tools” to look up users’ private details and engage in insider trading by tracking specific users’ wallets.
ZachXBT shared audio clips of Bauer, who is employed by Axiom in a senior business development role. In one alleged recording of Bauer, he told other employees that he can track any user using their ref code, wallet address, or UID and “find out anything to do with that person.” Bauer goes on to explain how he and the other employees can work together to track wallets without raising the suspicions of others at the company.
ZachXBT shared several screenshots showing Bauer abusing Axiom’s internal systems to track users’ activity on the platform for the purposes of using that information for insider trading. The crypto sleuth also shared a Google Sheet document the group created containing wallet addresses belonging to several key opinion leaders (KOLs) obtained from Axiom’s internal systems. According to ZachXBT, many of the KOLs named in the document have since confirmed their wallet details are accurate.
In another audio clip recorded in early 2026, Bauer can be heard explaining how he planned to help an associate of his known as Gowno profit to the tune of US$200,000 (AU$282k) by abusing his access to Axiom’s internal data. Bauer also shared several screenshots of his own wallet balances, demonstrating that his insider trading scheme had already generated significant illegal returns.
In a statement shared by ZachXBT, Axiom expressed regret and disappointment that their employees had abused internal systems for personal profit, saying that the company has “removed access to these tools and we will continue to investigate and hold the offending parties responsible.”
Polymarket User Who Made Over $400,000 Betting On ZachXBT Investigation Linked To Bauer
In a further twist, a Polymarket user who made over US$400,000 (AU$564k) by betting on which company would be the target of ZachXBT’s investigation has been linked to Bauer by online-chain analytics app, Bubblemaps.
Posting on X / Twitter, Bubblemaps claimed that the wallet, which placed a US$212k (AUD$299k) bet on Axiom being the target of the investigation, can be linked to Bauer’s wallet identified by ZachXBT during his investigation via “2 distinct paths.”
Bubblemaps noted the wallet that made the bets was the top holder in this particular market and it had also bet against Axiom, a move Bubblemaps said was typical of insiders trying to avoid detection. In total, the wallet made US$412,000 (AU$581k) from its bet on Axiom being the target of the investigation.
Bubblemaps said it couldn’t confirm that Broox Bauer owns the wallet used to make the bets but added that nonetheless “the onchain connections are there.”
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