ZachXBT Exposes Alleged Insider Trading at Axiom Exchange in Major Crypto Investigation

Key Takeaways

• The well-known blockchain investigator published a much-awaited report accusing Axiom Exchange staff of insider trading using internal user wallet data.
• Employees reportedly accessed private dashboards to monitor trader activity and front-run meme coin positions for profit.
• The allegations have sparked widespread debate about internal controls, user privacy, and trust in rapidly growing decentralized trading platforms.

Prominent blockchain investigator ZachXBT has finally released the highly anticipated insider trading report he first hinted at on February 23, which quickly became a major topic of discussion across the crypto community and prediction markets like Polymarket.

In the report published today, he accused employees at Axiom Exchange—a fast-growing Solana-based decentralized trading platform—of misusing internal tools to access confidential user wallet data and allegedly engaging in insider trading involving meme coins and other digital assets.

In a detailed investigative thread published on February 26, 2026, ZachXBT shared evidence suggesting that certain Axiom staff members used privileged internal dashboards to monitor user wallets, track trading activity, and exploit that information for personal profit.

Internal Tools Allegedly Used to Track and Front-Run Traders

According to ZachXBT’s findings, senior business development employee Broox Bauer—known online as “@WheresBroox”—was among those with access to internal dashboards that displayed sensitive user information, including wallet addresses, transaction histories, and linked accounts.

The investigator alleged that this data was shared privately among staff and used to identify influential traders, particularly key opinion leaders (KOLs) who were accumulating meme coins ahead of public promotion. By monitoring these positions, employees could potentially front-run trades and profit from anticipated price movements.

ZachXBT cited multiple forms of supporting evidence, including:

• Screenshots of internal dashboards displaying private user wallet data
• Private chat messages and call recordings discussing wallet tracking methods
• Shared spreadsheets compiling lists of targeted high-profile traders
• On-chain analysis linking employee-associated wallets to significant meme coin trading activity

In one reported recording, Bauer allegedly described methods for tracking users through referral codes, wallet addresses, and internal IDs, while outlining strategies to avoid detection.

Platform Growth and Rising Industry Attention

Founded in 2024, Axiom Exchange has quickly gained traction within the decentralized finance ecosystem. The platform offers tools for memecoin trading, perpetual futures, yield farming, and wallet analytics. The company reportedly participated in Y Combinator’s Winter 2025 accelerator program and has generated hundreds of millions of dollars in trading-related revenue.

The allegations quickly drew widespread attention across crypto markets and prediction platforms. Speculation surrounding ZachXBT’s investigation had already fueled significant trading activity before Axiom was publicly named.

Axiom Responds to Allegations

In response to the claims, Axiom acknowledged that internal customer support tools may have been misused by members of its team. The company stated that it has already revoked access to the tools involved and launched an internal investigation.

Axiom emphasized that the alleged conduct does not reflect the company’s values and said it plans to implement stronger safeguards to prevent future misuse of sensitive user information.

Broader Implications for Crypto Transparency and User Trust

The allegations highlight ongoing concerns around data access controls and insider trading risks within crypto platforms, particularly those offering advanced analytics and wallet tracking tools. Because blockchain transactions are publicly visible but often pseudonymous, privileged internal access can provide powerful informational advantages if improperly handled.

ZachXBT’s investigation has sparked intense discussion within the crypto community, raising questions about platform governance, internal oversight, and user privacy protections.

As the situation develops, further updates are expected from Axiom and potentially from regulatory authorities.