Axiom said it has removed tool access and is probing internal control failures.
In major crypto news, on-chain investigator ZachXBT, on February 26, 2026, identified alleged insider trading at Axiom Exchange involving employee Broox Bauer in New York. According to his published findings, Bauer allegedly misused internal tools since early 2025 to access private wallet data and track users for trading advantage. The probe details how sensitive dashboard access enabled lookups through reference codes, wallet addresses, and user identifiers.
Crypto News: Details of Axiom Internal Tool Abuse Allegations
According to ZachXBT on X, Bauer serves as a senior business development employee based in New York. Recorded calls reviewed during the investigation capture Bauer describing his ability to trace any user. He allegedly explained how he could retrieve wallet histories and linked accounts through internal dashboards.
The recordings describe a strategy to initially monitor 10 to 20 wallets. Bauer allegedly said gradual expansion would avoid raising suspicion. In another clip, he set rules for lookup requests and promised to send compiled wallet lists.
The investigation also references two additional employees. Bauer alleged that Ryan, known as Ryucio, conducted lookups for others. He further claimed he helped a friend named Mystery secure a moderator role. However, neither Ryan nor Mystery appeared in the recorded call.
Additionally, Bauer discussed colleague Gowno, also known as Seb, who recently joined as a moderator. In a February 2026 recording, Bauer allegedly outlined a plan to help Gowno generate $200,000 quickly. According to ZachXBT, the plan involved exploiting internal access privileges. This new investigation comes as prediction market Kalshi also fined MrBeast’s associate over insider trading.
As per ZachXBT, private chats reviewed during the probe included screenshots of exchange balances. ZachXBT stated that those images suggested prior returns from similar activity since early 2025.
Dashboard Screenshots, Wallet Lists, and Revenue Context
The report includes dashboard screenshots from April and August 2025. One image displayed private wallets linked to a trader identified as Jerry. Another showed registration details and connected wallets for a trader named Monix.
Also, Bauer allegedly discussed wallet lookups tied to holders of the meme coin AURA. Investigators also uncovered a Google Sheet compiling wallet addresses of multiple crypto influencers. Several named individuals independently confirmed the accuracy of wallet data attributed to them.
One targeted trader, Marcell, allegedly bought large token supplies before promoting meme coins. ZachXBT noted that such traders present higher value targets because private wallets rarely appear publicly.
The crypto exchange was launched in 2024 and completed Y Combinator’s Winter 2025 cohort. The company reportedly generated more than $390 million in cumulative revenue, as it enables users to trade tokens on the top layer-1 network, Solana.
However, ZachXBT stated the platform lacked monitoring and access controls to prevent misuse. Axiom responded that it removed access to the tools in question. The company said it continues to investigate and will hold responsible parties accountable.
