Blockchain investigator ZachXBT has accused a senior employee at crypto trading platform Axiom of abusing internal tools to obtain private user wallet data and use it to gain a trading advantage.
Axiom Employee Accused of Tracking Trader Wallets for Profit
26 February 2026 - 20:06 CET
By Ana Pereira
In a thread published on 26 Feb, ZachXBT said an employee identified as Broox Bauer, a senior business development staffer, used internal dashboard access to look up private wallet addresses tied to specific traders, including high-profile crypto figures.
According to the investigation, the alleged purpose was to monitor those wallets in real time and position trades ahead of them. By identifying the private accumulation of memecoins before public promotion, the group could allegedly anticipate price moves and profit once broader market participants entered the market.
ZachXBT shared screenshots he said show Axiom's internal dashboard displaying user wallet data, along with images of a spreadsheet compiling wallets tied to targeted traders. He also published excerpts from a recorded February 2026 call in which Bauer allegedly stated he could track any Axiom user by referral code, wallet or UID and outlined a plan to help an associate generate $200,000 using his access.
The investigator mapped wallets connected to the activity and noted that funds flowed to centralized exchange deposit addresses. He added that without access to Axiom's internal trading logs, confirming specific instances of insider trading based solely on wallet movements would be difficult. Insider trading refers to the use of material, nonpublic information to gain an unfair advantage in financial markets.
Axiom launches internal review
Axiom said in a statement published on X that it was "shocked and disappointed" to learn that someone on its team may have abused internal customer support tools to look up user wallets.
The company stated it had removed access to these tools and would continue to investigate and hold the offending parties responsible. The exchange added that this behaviour does not represent them as a team and they have always tried to put the user first. However, the detailed allegations made by ZachXBT raise questions regarding internal security controls at the platform and how user data is protected.
A pattern across markets
Other crypto companies have faced investigations related to insider trading.
The US Department of Justice charged a former Coinbase product manager in 2023 with tipping off contacts about which tokens would be listed on the exchange operator. Prosecutors alleged he shared confidential listing information, allowing others to buy tokens before public announcements and sell after price jumps.
Insider trading is not unique to crypto markets. A recent case in traditional finance involved billionaire investor Joseph Lewis.
In 2024, US prosecutors charged Lewis with sharing confidential information about publicly traded companies with friends and employees, allowing them to buy shares before positive announcements were made. Authorities said the tips generated millions of dollars in profits. Lewis later pleaded guilty to insider trading charges.
