ZachXBT says a senior Axiom Exchange employee allegedly abused internal tools to identify private wallets and potentially trade memecoins with an unfair edge.
Key Takeaways
- ZachXBT alleges an Axiom senior employee used internal dashboards to access private wallet data tied to users.
- The report claims wallet lookups were used to track crypto influencers and prominent traders, potentially enabling front running.
- Axiom says it removed access to the customer support tools involved and is continuing an internal investigation.
- The allegations fed into a high volume Polymarket prediction market, where at least one trader reportedly profited after Axiom was named.
What Happened?
Blockchain investigator ZachXBT published an investigation on Thursday naming onchain trading platform Axiom Exchange in allegations that employees misused internal tools to access private wallet information. The report identifies a senior business development employee in New York, Broox Bauer, as a central figure in the alleged conduct.
Axiom has acknowledged the claims publicly, saying it was “shocked and disappointed” and that it has removed access to the tools while continuing to investigate.
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
ZachXBT Identifies Axiom and Names an Employee
ZachXBT said he was retained to investigate reports that internal access at Axiom was being abused. He did not disclose who hired him, but said multiple reports led to an independent probe that ultimately pointed to Axiom.
In his thread, ZachXBT alleges that Broox Bauer, a senior business development employee, used internal customer support dashboards to look up sensitive user information. That allegedly included linked wallet addresses, registration details, and other identifiers that could connect a trader to previously undisclosed wallets.
Axiom was founded in 2024 by “Mist” and “Cal” and was part of Y Combinator’s Winter 2025 cohort, according to the report. ZachXBT also claimed the platform has generated more than $390 million in revenue to date.
Recordings Describe Wallet Tracking and Avoiding Detection
A major part of the report centers on audio recordings shared by ZachXBT. In clips attributed to Bauer, the speaker allegedly claims he can track “any Axiom user” using a referral code, a wallet address, or a UID, and “find out anything to do with that person.”
In the same recordings, the speaker describes starting with a limited set of wallets and gradually scaling up activity “so it does not look that suspicious.” Another segment allegedly describes setting “ground rules” for how others could request lookups, framing the activity as a coordinated system rather than a one off search.
ZachXBT also alleged that Bauer and associates discussed using privileged access to generate trading profits, including a plan described as helping another person make $200,000 quickly by leveraging internal visibility.
Screenshots, Google Sheets, and Targeting Influencer Wallets
ZachXBT claims Bauer shared screenshots in April 2025 and August 2025 that showed private wallet data tied to specific traders, including connected addresses and registration details. The report also alleges a group compiled a list of wallet addresses for multiple crypto key opinion leaders in a Google Sheet using data sourced from Axiom’s internal dashboard.
Several people named in the leaked materials independently confirmed the accuracy of wallet information shown in the screenshots, according to ZachXBT.
The alleged goal was to track traders known for accumulating large memecoin positions from private wallets before promoting tokens publicly. If those private wallets could be identified early, the group could theoretically monitor accumulation and position ahead of potential price moves.
Onchain Links and Limits of Proof
ZachXBT said he identified what he believes is Bauer’s primary wallet and mapped related addresses, noting that funds flowed into several centralized exchange deposit addresses. One wallet address highlighted in the report is:
FarpaWkzio7WQVpQeu2eURvNQZ3pCBZupJ95wUjoHcUN
Still, ZachXBT cautioned that without Axiom’s internal logs, it is difficult to prove specific instances of insider trading with high confidence using only onchain timing and flows. Memecoin markets are noisy, and wallet activity alone does not always show intent or inside knowledge.
Axiom Responds and Removes Access
Axiom did not respond to at least one media request for comment, but it did post a public response and also provided a statement included in ZachXBT’s report.
The company said:
CoinLaw’s Takeaway
I found this story troubling because it highlights a basic problem in crypto that never really goes away: trust at the infrastructure layer. In my experience, users assume a trading terminal cannot see too much, or that access is tightly controlled. When an internal dashboard can connect a referral code to wallet identities, that is not just a privacy issue, it is a potential market advantage waiting to be abused. Even if only one employee crossed the line, the bigger issue is what the report suggests about weak monitoring and permissive access. If Axiom wants to calm users, it needs more than a statement. It needs clear proof that access is locked down, audited, and traceable.
