Axiom staff accused of insider trading
Multiple employees at Axiom, a Y Combinator-backed non-custodial trading platform, have been accused by blockchain investigator ZachXBT of engaging in insider trading using internal company tools.
ZachXBT alleged that senior business development employee Broox Bauer abused access to customer support systems to look up sensitive user wallet details and track private wallet activity since early 2025.
“We are shocked and disappointed to hear that someone on our team abused internal customer support tools to look up user wallets,”
Axiom said in a statement, adding that it has removed access and will investigate and hold any offending parties responsible.
According to materials shared by ZachXBT, Bauer allegedly used referral codes, wallet addresses and user identities to map private wallets to influencers such as “Frank” and “GCR,” with employees then identifying meme coin purchases made before public promotion.
ZachXBT said it was difficult to isolate specific trades due to the high volume of meme coin activity without internal logs, but shared a screenshot showing exchange balances allegedly tied to Bauer totalling around $300,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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