Yeliz Akmaca 
ZachXBT reported that employees at Axiom allegedly used internal tools to monitor user wallets. They also discussed using this information for insider trading. Axiom confirmed the misuse of internal access tools and launched an internal investigation. This raises concerns about platform security and the protection of user data.
Why Axiom Is Facing Insider Trading Allegations
Axiom, founded in 2024 by Mist and Cal and part of Y Combinator’s Winter 2025 batch, quickly became one of the most profitable crypto trading platforms. According to ZachXBT, the company has generated over $390 million in revenue. Internal access controls, however, were reportedly unusually lax. Employees could view extensive wallet and transaction data via internal dashboards (a serious issue for any trading platform).
Broox, a senior business development employee based in New York, is highlighted in the report. According to ZachXBT, Broox could track users by referral code, wallet address, or user ID. Records reportedly show him saying, “I’m tracking certain addresses, moving completely unnoticed.” Screenshots from internal dashboards were shared with colleagues and confirmed by multiple users. Broox and associates allegedly discussed plans to help another Axiom team member profit $200,000 by abusing internal tools. ZachXBT identified Broox’s primary wallet and linked addresses but noted confirming specific insider trades would require access to Axiom’s internal logs.
What are the Axiom insider trading allegations?
Axiom employees allegedly used internal customer support dashboards to secretly monitor crypto influencers’ wallets and share this data for potential trading profits. The company acknowledged misuse of internal access tools and launched an internal investigation.
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
Statements from Axiom Management
The company responded: “We were surprised and disappointed to learn that someone on our team misused internal support tools to query user wallets. We have removed access to these tools and will continue the investigation, holding responsible parties accountable.” They added, “This does not represent us as a team; we have always prioritized users. We will provide updates via our Twitter account as we learn more.”
ZachXBT contacted Axiom before publishing and noted the lax internal access controls, allowing employees to view extensive wallet and transaction data. Considering the employees’ location, the case may fall under U.S. jurisdiction.
Polymarket Bets and Legal Implications
The investigation sparked intense speculation on prediction markets after ZachXBT teased the probe earlier in the week. A Polymarket contract titled “Which crypto company will ZachXBT expose for insider trading?” saw roughly $27.6 million in trading volume prior to publication. Investors placed bets on Axiom, Meteora, Pump.fun, and several other companies.
Onchain analysts observed unusual trading activity. Lookonchain reported that one anonymous trader wagered over $50,000 on Axiom being named while odds were low, closing the position for a $39,000 profit in a single day. This raises potential legal and regulatory considerations in the U.S., adding further scrutiny to the case.
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