A new investigation has accused employees at crypto trading platform Axiom of using private user data to make insider trades. Blockchain investigator ZachXBT published the report on February 26, 2026, claiming staff accessed internal tools to track user wallets and trade ahead of them.
According to the report, one of the main figures was Broox Bauer, a business development employee based in New York. The investigation claims he had access to dashboards that allowed him to search users by wallet address, referral code, or account ID. Leaked screenshots and recordings allegedly showed him discussing how he tracked wallets while trying to avoid detection.
The report said employees compiled lists of private wallets belonging to large traders and influencers. Some of the wallets reportedly matched data shared privately by those traders. Investigators believe this information could give employees an advantage by showing them which tokens major traders were buying or selling.
On-chain data also showed links between wallets connected to Bauer and heavy memecoin trading activity. Funds moved through multiple crypto exchanges, although the investigator said internal company records would be needed to fully confirm insider trading.
The investigation also triggered unusual betting activity on Polymarket, a crypto prediction platform. Traders placed large bets predicting Axiom would be exposed. Two wallets reportedly turned around $60,000 into about $109,000 shortly after the report went public.
Another bettor known as “predictorxyz” reportedly earned more than $411,000 after placing a bet when the odds were low. Analysts said the timing raised questions about whether some bettors had early access to non-public information.
Axiom responded to the allegations by saying it was “shocked and disappointed.” The company said it removed access to the tools involved and launched an internal investigation. It also promised to review its security systems and employee permissions.
The platform, founded in 2024, has grown quickly and reportedly generated hundreds of millions in revenue. The investigation has raised concerns about how crypto companies protect user data and prevent insider abuse.
It remains unclear whether authorities will take legal action. However, the case has already sparked debate about transparency, security, and trust in the fast-growing crypto industry.
