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ZachXBT has alleged that Axiom employees exploited internal tools to track private user wallets to gain unfair trading advantages.
The blockchain investigator released findings today in a series of posts naming Broox Bauer, a New York-based senior business development employee at the exchange, as a central figure in the alleged scheme.
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
According to the investigation, Broox allegedly used internal lookup tools to map private wallets linked to high-value traders and influencers and monitor early token accumulation. The information was reportedly shared within a private group that sought to mirror or front-run trades before public promotion, the findings claim.
“The thing that how this works really is that if you have a wallet or a ref code or a user ID, any of those three, I can find out anything to do with that person. If they’re on accident, I’ll have all their wallets,” according to one of the recorded calls obtained during the investigation, in which Broox described his ability to monitor selected users’ trading patterns and identify movements that could signal upcoming market activity. “I’ll have time and dates. I can even see who they track and what they’re named. I can probably research about 10 to 20 wallets each day. And then over a staunch period of time, I’ll slowly increase it.”
The investigation alleges that Broox improperly accessed and shared sensitive user data from Axiom’s internal dashboard on multiple occasions in 2025.
In April, he reportedly distributed a screenshot displaying private wallets connected to a trader identified as “Jerry.”
In August, he allegedly shared another image revealing registration details and linked wallet addresses tied to a trader known as “Monix.” That same month, he is said to have discussed conducting internal lookups on individuals trading the meme coin AURA.
According to the findings, members of the group had compiled a Google Sheet cataloging wallet addresses associated with several influencer targets. Several individuals named in the leaked materials later confirmed independently that they were the owners of the wallet addresses listed in the document.
The findings also state that Broox’s main wallet was identified via private chat messages, with related addresses subsequently mapped.
However, ZachXBT noted that due to the high volume of meme coin transactions, definitively proving insider trading would likely require access to internal exchange logs.
Another recorded call reviewed in the probe reportedly featured Broox and a newly hired Axiom moderator, “Gowno,” discussing internal lookup capabilities. In a February 2026 call, Broox allegedly proposed using internal access to help generate substantial profits.
Founded in 2024 by Henry Zhang and Preston Ellis, Axiom has rapidly emerged as a leader in the DeFi space on the Solana blockchain, bolstered by Y Combinator support.
By late 2025, the platform became the third-most-profitable in DeFi, allowing for swift trading across multiple chains and leveraging high user volume amidst the surging popularity of meme coins.
Responding to ZachXBT’s report, Axiom said it was “shocked and disappointed” to learn that a member of its team allegedly misused internal customer support tools to access user wallet information.
An internal investigation has been initiated, and access to the tools in question has been removed, the team stated.
We are shocked and disappointed to hear that someone on our team abused internal customer support tools to look up user wallets.
We have removed access to these tools and will continue to investigate and hold the offending parties responsible.
This does not represent us as a…
— Axiom (@AxiomExchange) February 26, 2026