Blockchain investigator ZachXBT on Thursday published a detailed investigation accusing multiple employees at crypto trading platform Axiom Exchange of exploiting internal dashboards to access private user wallet data and allegedly trade on it since early 2025.
Axiom said it was "shocked and disappointed" by the alleged misconduct and removed access to the implicated tools.
The report centers on Broox Bauer, a New York-based senior business development employee, and names additional Axiom staff as participants.
ZachXBT said he was retained to independently investigate after receiving reports of misconduct, though he did not disclose who commissioned the probe.
What the Investigation Found
In audio from a recorded private call, a person identified as Bauer allegedly claims he can track any Axiom user by referral code, wallet address, or UID and "find out anything to do with that person."
He describes gradually scaling from 10–20 wallet lookups to avoid detection. A separate portion of the recording shows him setting operational rules for how others could request user lookups.
Screenshots shared in the investigation show internal Axiom dashboards from April and August 2025 displaying private wallet connections and registration details for specific traders.
The group allegedly compiled wallet addresses for multiple crypto influencers in a Google Sheet. Several of those named independently confirmed the accuracy of data attributed to them, according to ZachXBT.
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How the Alleged Scheme Operated
The primary targets were traders known for accumulating large memecoin positions from private wallets before publicly promoting tokens - a practice known as bundling.
Private wallet data from an internal dashboard would allow a group to identify accumulation patterns and position ahead of anticipated price moves using non-public information.
In a February 2026 call, Bauer allegedly outlined a plan to help an associate generate $200,000 by abusing internal platform access.
ZachXBT mapped Bauer's primary wallet and linked addresses, noting funds flowed to multiple centralized exchange deposit wallets, but said conclusively tying specific trades to insider data would require access to Axiom's internal logs.
Why It Matters
ZachXBT criticized Axiom's access controls as unusually permissive for business development roles, noting the dashboard exposed full wallet lists, tracking behavior, transaction history, nickname data, and linked accounts.
The investigator suggested the case may fall under the jurisdiction of the Southern District of New York given Bauer's location.
Separately, two wallets placed approximately $59,800 in Polymarket bets on Axiom being named hours before the report dropped, reportedly netting $109,000.
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