ZachXBT alleges Axiom staff members abused internal access for insider trading

Insider trading scandal at Y Combinator-backed Solana platform raises questions on internal controls and oversight.

Add us on Google by Vivian Nguyen | Powered by Gloria Feb. 26, 2026

ZachXBT has alleged that Axiom employees exploited internal tools to track private user wallets to gain unfair trading advantages.

The blockchain investigator released findings today in a series of posts naming Broox Bauer, a New York-based senior business development employee at the exchange, as a central figure in the alleged scheme.

1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025. pic.twitter.com/KwICQMJL1q

— ZachXBT (@zachxbt) February 26, 2026

According to the investigation, Broox allegedly used internal lookup tools to map private wallets linked to high-value traders and influencers and monitor early token accumulation. The information was reportedly shared within a private group that sought to mirror or front-run trades before public promotion, the findings claim.

“The thing that how this works really is that if you have a wallet or a ref code or a user ID, any of those three, I can find out anything to do with that person. If they’re on accident, I’ll have all their wallets,” according to one of the recorded calls obtained during the investigation, in which Broox described his ability to monitor selected users’ trading patterns and identify movements that could signal upcoming market activity. “I’ll have time and dates. I can even see who they track and what they’re named. I can probably research about 10 to 20 wallets each day. And then over a staunch period of time, I’ll slowly increase it.”

Evidence presented includes screenshots from April and August 2025 showing internal dashboard data for traders identified as “Jerry” and “Monix,” along with wallet lookups tied to holders of the meme coin AURA.

A separate February 2026 recording allegedly captures Bauer outlining plans to help a colleague generate $200,000 in profits by leveraging privileged platform access.

The investigation identified a spreadsheet compiling wallet addresses for multiple crypto influencers, with several targeted individuals independently verifying the accuracy of data attributed to them.

Founded in 2024 by Henry Zhang and Preston Ellis, the platform completed Y Combinator’s Winter 2025 cohort and generated more than $390M in cumulative revenue, ranking among the most profitable decentralized exchanges by late 2025.

The investigator noted that regardless of whether co-founders were aware, the platform lacked adequate monitoring or access restrictions to prevent such abuse.

Dashboard permissions for business development roles reportedly included complete wallet histories, tracked addresses, transaction records, and linked accounts.

This is a developing story. Please come back for further updates.