ZachXBT alleges Axiom Exchange staff used internal data to trade
Blockchain investigator ZachXBT published a probe alleging multiple employees at Axiom Exchange misused internal customer‑support tools and weak access controls to look up private wallet addresses, referral codes and internal user IDs and then traded on that information. The report singles out Broox Bauer, a senior business‑development employee in New York, and includes audio clips in which Bauer describes tracking an initial 10–20 wallets then scaling up and sharing lists. Leaked screenshots and Google Sheets allegedly map KOL wallets to registration data for traders codenamed “Jerry” and “Monix”; several named KOLs confirmed the wallet matches. ZachXBT also says a suspected insider placed roughly $59,800 in bets across two new wallets about three hours before the public disclosure and realized nearly $109,000 in profit, and that Axiom’s revenue since 2024 is material to scale (ZachXBT estimates ~ $390m). Axiom responded on X saying the behaviour “does not represent us,” that access to the implicated tools was removed and an internal investigation is under way. The case drew heavy market interest — prediction markets and traders placed large wagers ahead of the disclosure — highlighting operational‑security and insider‑abuse risks at crypto platforms. ZachXBT urged Axiom’s co‑founders to conduct a formal review and consider legal action; the report notes potential SDNY jurisdiction given Bauer’s NYC location. Primary keywords: Axiom Exchange, insider trading, internal data, ZachXBT. Secondary/semantic keywords: wallet lookups, access controls, KOL wallets, leaked screenshots, SDNY.
Bearish
The allegations point to insider trading and weak access controls at a centralized trading platform. For traders this raises immediate concerns about market integrity and information asymmetry on Axiom. Short term, the news can trigger volatility in assets traded on or associated with Axiom as participants react, prediction markets reprice, and counterparties reduce exposure. Liquidity on Axiom could tighten if users withdraw funds or the exchange restricts services during the investigation, amplifying price swings for assets with concentrated order books. Medium to long term, if the claims lead to regulatory scrutiny, legal action, or confirmed internal abuse, trust in Axiom would fall and user flow could be permanently impaired, pressuring trading volumes and fee revenue. However, the broader crypto market impact is likely limited unless investigations reveal systemic failures or involve large on‑chain asset movements tied to major tokens. Overall, for traders: expect near‑term elevated volatility around Axiom‑listed activity and increased counterparty risk; reassess exposure to funds or strategies that rely on Axiom’s liquidity until the investigation concludes.