#ZachXBTExposesTheAxiomIncident A major and industry‑changing conversation is currently underway in the crypto community, known by its name. On-chain investigator ZachXBT recently released a detailed investigation revealing alleged insider trading and internal data misuse against Axiom Exchange — a Solana-based DeFi trading platform that was currently booming. �

What did ZachXBT uncover?
According to ZachXBT’s report, some senior employees of Axiom Exchange misused the platform’s internal admin tools — which should normally be restricted to customer support or compliance staff — to track private user wallet data and trading activity. They then used this illicit data to execute trades and front-run, knowing in advance who was about to make a big trade. �
The investigation identified a key employee named Broox Bauer, who allegedly extracted sensitive wallet details from the internal dashboard, monitoring wallets where high-value traders (whales and influencers) were active. Their claim was that they could “find out anything about that person” using just a referral code, wallet address, or UID. �

How was the insider trading scheme?
These allegations are not just simple — ZachXBT claimed that this data misuse had been ongoing since early 2025, with employees sharing internal screenshots, audio clips, and wallet links where they tracked wallets. These individuals supposedly kept front-running trading decisions — meaning buying first when whales were accumulating tokens and selling first when whales were exiting. �

Axiom itself issued a statement saying they are “shocked and disappointed” by the alleged conduct, have revoked internal tool access, and launched a full investigation. However, damage to their reputation has already been done. �
Prediction Market Fallout — Polymarket
Another dramatic angle of this story is that before ZachXBT publicly released his report, prediction markets saw heavy betting activity on Axiom — where traders were estimating which exchange would be targeted in the insider trading expose. The “Which crypto company will ZachXBT expose” contract on Polymarket attracted huge volume, and some wallets placed suspiciously well-timed bets that generated heavy profits before the public disclosure. �

Analysts estimate that some anonymous wallets made approximately $1 million in profit by predicting Axiom as the outcome — raising serious concerns about information asymmetry and insider leaks in prediction markets. �

A Big Wake-Up Call for the Crypto Industry
This incident highlights a serious problem: until internal access controls, log auditing, and data governance are strengthened, even decentralized platforms will remain vulnerable to internal misuse and unethical trading. This case is prompting regulators to consider effective compliance rules and penalties — because if internal employees can take advantage, it raises questions about user trust and market integrity. �
Phemex
Final Takeaway
It’s not just a scandal — it’s a warning that crypto ecosystems should not be limited to on-chain transparency alone.