ZachXBT Exposes Insider Trading at Axiom

• ZachXBT was retained to investigate Axiom after reports emerged of employees misusing internal dashboard tools since early 2025. 
• Senior BD employee Broox Bauer allegedly tracked private user wallets and shared sensitive data with a group for financial gain. 
• Axiom’s internal tool reportedly exposed full wallet histories, linked accounts, and timestamps to staff beyond their job scope. 

ZachXBT has uncovered a reported insider trading ring operating within Axiom Exchange, one of the crypto industry’s fastest-growing trading exchanges. 

The blockchain investigator was brought in to review the allegations of wrongdoing and provided their evidence from leaked audio tapes, internal screenshots and wallet data. 

Several employees were involved in the investigation, although a single senior employee appears to have been chiefly responsible for the activities accused of being improper.

ZachXBT Was Retained to Investigate Reports of Misconduct at Axiom

ZachXBT began the investigation after receiving credible reports about employee misconduct at Axiom Exchange. 

The platform was founded in 2024 by two individuals known as Mist and Cal. After completing Y-Combinator’s Winter 2025 batch, Axiom grew rapidly and has generated over $390 million in revenue to date.

The investigator found that employees allegedly exploited a lack of access controls within Axiom’s internal tools. 

These tools allegedly allowed employees to access sensitive user data without any limitations. According to ZachXBT, the abuse had been taking place since the early part of 2025.

From the investigation, ZachXBT collected leaked audio files, screenshots of private chats, and on-chain wallet information. 

All these pieces of evidence led to the conclusion that there was a planned attempt to make money from non-public user data. 

The findings were then published alongside a request for comment from Axiom’s co-founders.

Senior BD Employee Broox Bauer Named as Central Figure in the Scheme

ZachXBT identified Broox Bauer, a senior business development employee based in New York, as a key figure in the alleged scheme. 

In leaked audio, Bauer reportedly claimed he could track any Axiom user through a referral code, wallet address, or user ID. He also stated he could “find out anything to do with that person.”

Bauer allegedly described a method of tracking 10 to 20 wallets at a time and increasing the number gradually. 

He said this approach was deliberate so the activity would not appear suspicious. He also reportedly set ground rules for how others in the group could request wallet lookups from him.

ZachXBT identified Bauer’s primary wallet through messages found in a private chat. All directly related wallet addresses were then graphed out by the investigator. 

Due to the high volume of meme coin trades tied to those addresses, pinpointing specific insider trades required access to Axiom’s internal logs, which ZachXBT did not have.

Internal Dashboard Gave Employees Access Far Beyond Their Job Scope

ZachXBT noted that Axiom’s internal dashboard provided employees with an unusual level of access. 

The tool reportedly displayed a user’s full wallet list with date and time stamps, wallets being tracked, transaction history, wallet nicknames, and linked accounts. This level of visibility is atypical for business development roles at most platforms.

The group allegedly compiled wallet addresses of multiple key opinion leaders into a shared Google Sheet. 

The data was reportedly pulled directly from the internal dashboard by Bauer. Several KOLs named in the sheet independently confirmed the accuracy of the wallet data when contacted by ZachXBT.

In April 2025, Bauer reportedly shared a screenshot from the internal dashboard showing private wallet data for a trader named “Jerry.” 

In August 2025, he shared another image revealing registration details and wallet addresses for a trader called “Monix.” Discussions about lookups tied to the meme coin “AURA” also surfaced from that same period.

ZachXBT Flags Other Alleged Participants and Calls for Legal Accountability

Beyond Bauer, ZachXBT’s investigation pointed to other Axiom staff allegedly involved in the scheme. 

Bauer reportedly named Ryan, known online as Ryucio, as another BD employee who conducted user lookups for others. Bauer also allegedly helped a friend called Mystery secure a moderator role at Axiom.

A recently hired moderator named Gowno, identified as Seb, was present on the recorded call. During the call, Bauer reportedly outlined a plan for Gowno to earn $200,000 by abusing his platform access over time. Neither Ryan nor Mystery appeared on the recorded call, though both were discussed in detail.

ZachXBT reached out to Axiom’s co-founders for comment before publishing and received a statement in response. 

The investigator noted that regardless of whether Mist or Cal were aware, there were little to no monitoring systems or access controls in place. 

ZachXBT suggested the case may fall under the jurisdiction of the Southern District of New York and called on Axiom’s founders to pursue legal action against the employees involved.