Exposed: Insider Trading Scandal Uncovered at Major Crypto Exchange Axiom!

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ZachXBT Exposes Insider Trading Scheme Inside Major Crypto Exchange 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. 

A researcher named ZachXBT has revealed evidence suggesting illegal insider trading took place at Axiom Exchange, a quickly expanding cryptocurrency trading platform.

A blockchain investigator examined claims of misconduct, presenting evidence gathered from leaked audio recordings, internal screenshots, and wallet data.

While multiple employees were part of the investigation, one senior employee seems to have been primarily responsible for the questionable actions.

ZachXBT Was Retained to Investigate Reports of Misconduct at Axiom

ZachXBT started looking into things at Axiom Exchange after getting reliable information about potential wrongdoing by people who worked there.

Axiom was created in 2024 by Mist and Cal. After successfully completing the Y-Combinator program in Winter 2025, the company experienced significant growth and has since earned over $390 million.

The investigation revealed that employees reportedly took advantage of weak security measures in Axiom’s internal systems.

Employees were reportedly able to access private user information with no restrictions. Researcher ZachXBT claims this misuse began in early 2025.

Broox Bauer is one of several employees accused of improperly accessing internal tools to find confidential user information. Investigators believe this information was used for insider trading by monitoring private wallet activity, starting in early 2025.

— ZachXBT (@zachxbt)

During his investigation, ZachXBT obtained leaked audio recordings, private chat screenshots, and details about transactions from blockchain wallets.

The evidence shows a deliberate scheme to profit from users’ private information.

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 has named Broox Bauer, a business development employee in New York, as a central person involved in the suspected fraud.

Leaked audio suggests Bauer said he could identify any Axiom user by using their referral code, wallet address, or user ID. He also claimed he could uncover any information about them.

According to reports, Bauer claimed he could monitor between 10 and 20 digital wallets simultaneously, and slowly increase that number over time.

He intentionally acted this way to avoid raising any red flags. He also established guidelines for how others in the group could ask him to check their digital wallets.

ZachXBT discovered Bauer’s main digital wallet by examining messages from a private conversation. The investigator then mapped out all wallet addresses connected to it.

As a researcher, I found that because so many meme coin trades were happening through those specific accounts, it was really difficult to prove any insider trading. To get the necessary evidence, I would have needed access to Axiom’s private logs, which ZachXBT didn’t 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 unexpectedly showed a user’s complete wallet information, including when wallets were added, which wallets were being monitored, past transactions, custom names for each wallet, and any connected accounts. This much detailed access is unusual for people in business development positions at most companies.

The group reportedly gathered the wallet addresses of several influential people and put them in a shared Google Sheet.

Bauer allegedly obtained the data straight from the company’s internal system. When ZachXBT reached out, multiple key opinion leaders (KOLs) listed in the data independently verified its accuracy regarding wallet information.

In April 2025, Bauer allegedly shared a screenshot from inside the company’s system. This screenshot displayed confidential wallet information belonging to a trader known as “Jerry.”

In August 2025, he posted another image that showed registration information and wallet addresses belonging to a trader known as “Monix.” Around the same time, people also discussed searches related to the meme coin “AURA.”

ZachXBT Flags Other Alleged Participants and Calls for Legal Accountability

ZachXBT’s research also suggested that other employees at Axiom may have been involved in the scheme, in addition to Bauer.

Bauer, also known as Ryucio online, reportedly identified another BD employee, Ryan, as someone who looked up user information for others. He’s also accused of helping a friend named Mystery get a moderator position at Axiom.

Seb, a new moderator also known as Gowno, was on the recorded call. During the call, Bauer allegedly explained a scheme to Seb for earning $200,000 by misusing his access to the platform. Ryan and Mystery weren’t on the call themselves, but they were the main topic of conversation.

Before I published my findings, I contacted Axiom’s founders for their side of the story, and they actually did get back to me with a statement.

The investigator found that there were very few, if any, systems to monitor activity or control who could access things, whether Mist or Cal knew about it or not.

ZachXBT believes the situation could be handled by courts in the Southern District of New York and urged Axiom’s founders to sue the employees responsible.

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2026-02-27 06:42