ZachXBT Exposes Axiom Platform: What You Need to Know

Blockchain investigator ZachXBT has published a detailed report accusing at least one senior employee at Axiom, a crypto trading platform, of using internal tools to access private user wallet data and share it with a group allegedly using that information for trading advantage. 

The accused employee, identified as Broox Bauer, a senior business development employee based in New York, was recorded in a private call describing how he could track any Axiom user and "find out anything to do with that person." Axiom has since removed access to the tools in question and said it is investigating.

What Is Axiom and Why Does This Matter?

Axiom is a Solana-based crypto trading terminal founded in 2024 by two co-founders known publicly as Mist and Cal. The platform went through Y Combinator's Winter 2025 batch, one of the most recognized startup accelerator programs in the world, and grew rapidly. 

By the time ZachXBT published his report, Axiom had reportedly generated more than $390 million in cumulative revenue, making it one of the most profitable platforms of its kind.

Trading terminals like Axiom give users fast access to decentralized market activity, often integrating directly with on-chain data to execute trades at speed. The platform's internal tools, designed for customer support and business development functions, apparently gave certain employees access to far more user data than would typically be expected for those roles.

That level of access, if abused, creates a significant information asymmetry. A business development employee who can view a user's full wallet list, transaction timestamps, tracked addresses, and linked accounts holds a structural advantage over every trader on the platform.

What Did ZachXBT Allege?

ZachXBT stated he was retained to independently investigate allegations of misconduct at Axiom after receiving reports, though he did not disclose who retained him. The investigation produced recordings, screenshots, and on-chain data.

The core of the report centers on Bauer, identified on social media as @WheresBroox. In a recorded private call from February 2026, Bauer allegedly described being able to look up any Axiom user by referral code, wallet address, or UID. He also reportedly described reviewing 10 to 20 wallets at a time and scaling that activity gradually to avoid attracting attention.

The report documents two specific historical examples with timestamps. In April 2025, Bauer allegedly shared a screenshot from an internal Axiom dashboard showing private wallet data for a trader identified as "Jerry." In August 2025, he reportedly circulated a second image showing registration details and linked wallets for a trader called "Monix." That same month, he allegedly discussed looking up Axiom users who had traded the memecoin AURA.

The Google Sheet and KOL Targeting

ZachXBT also described a Google Sheet the group created to compile wallet addresses for multiple targets, described as KOLs, short for Key Opinion Leaders. These are traders or influencers with significant social media followings, particularly active in memecoin markets.

One person named in the sheet, a trader called Marcell, was described as having a poor reputation for using followers on X and Telegram as exit liquidity, a practice where an insider promotes a token to retail traders after accumulating a large position, then sells into the buying pressure. Marcell was also described as engaging in bundling, where large portions of a token's supply are bought from private wallets before public promotion begins.

ZachXBT noted that traders like Marcell are prime targets for this type of access abuse because address reuse is less common among experienced traders and private wallets are rarely public. That makes privileged internal data significantly more valuable to anyone trying to front-run or copy their positions.

Who Else Was Named in the Report?

The February 2026 recording did not involve Bauer alone. Also present on the call was an individual identified as Gowno, real name Seb, a recently hired moderator at Axiom. In that call, Bauer allegedly outlined a plan to help Gowno generate $200,000 in rapid profits by leveraging internal Axiom access, framing it as a gradual process of expanding Gowno's role and platform trust over time.

Bauer allegedly referenced two other Axiom employees in the recording. The first, identified as Ryan (online handle Ryucio), is described as another business development employee who allegedly used the internal dashboard to look up users on behalf of third parties. The second, known as Mystery, is someone Bauer allegedly helped get hired at Axiom as a moderator.

Neither Ryan nor Mystery was present on the call. ZachXBT noted that proving specific insider trades from Bauer's wallet alone is difficult without access to Axiom's internal logs, as the high volume of memecoin activity on related addresses makes it hard to isolate high-confidence examples of timing-based exploitation. Bauer's primary wallet, identified through messages in the private chat, is listed in the report as FarpaWkzio7WQVpQeu2eURvNQZ3pCBZupJ95wUjoHcUN.

What Did Axiom Say?

Axiom responded directly to ZachXBT's report with a public statement. The company said it was "shocked and disappointed" to learn that a team member had abused internal customer support tools to look up user wallets. It confirmed it had removed access to those tools and pledged to investigate further and hold responsible parties accountable.

ZachXBT's report noted that regardless of whether co-founders Mist or Cal were aware of the conduct, the underlying problem was structural. There was little to no monitoring or access controls in place to prevent the abuse in the first place. 

The scope of data visible to employees in what appears to have been an easily accessible dashboard included complete wallet lists with date and time data, tracked addresses, full transaction histories, wallet nicknames, and linked accounts. That level of visibility is unusual for business development roles at any financial platform, let alone a trading terminal handling user funds.

Could This Become a Legal Case?

ZachXBT raised the possibility of federal involvement, specifically pointing to the U.S. Attorney's Office for the Southern District of New York (SDNY) as a potential jurisdiction given Bauer's location in New York City. The SDNY has handled multiple crypto fraud and insider trading cases in recent years, including the conviction of a former Coinbase employee in an NFT-related insider trading case in 2023, which established precedent for applying securities fraud statutes to digital asset markets.

Whether criminal charges follow remains unclear at the time of writing. ZachXBT stated he hoped the Axiom co-founders would conduct a thorough internal investigation and consider civil legal action against the employees involved.

What Happened on Polymarket?

The publication of ZachXBT's report triggered a notable outcome on Polymarket, a prediction market platform where users bet on the probability of real-world events. A market titled "Will Axiom be accused of insider trading?" had been running for some time. An account called predictorxyz had accumulated approximately 477,000 "Yes" shares at an average price of 13.8 cents per share.

When the report went live, the contract was resolved at 100 cents. That locked in a position worth approximately $477,000 and an estimated profit of more than $411,000, a return exceeding 600%.

The timing raised questions. According to CoinDesk, ZachXBT acknowledged publicly that he had contacted Axiom for comment and conducted several interviews before publishing, making a leak "probably inevitable." That might mean multiple people knew the report was coming before it was public. 

The odds on the Axiom market reportedly shifted toward Axiom late on Wednesday, the day before the Thursday morning publication. Anyone buying "Yes" shares in that window either had good instincts or advanced knowledge.

Polymarket operates offshore and does not conduct identity verification, making attribution without exchange cooperation extremely difficult.

Conclusion

The Axiom situation exposes a specific and recurring problem in crypto platform design: internal tooling that grants business development and support staff access to sensitive user data without adequate monitoring, logging, or access tiering. Axiom has removed the tools in question and stated it is investigating. 

The findings from ZachXBT's report include recorded calls, historical screenshots, on-chain wallet mapping, and independent confirmation from traders whose data was allegedly circulated without consent. The legal and regulatory outcome depends on what Axiom's internal logs reveal and whether law enforcement pursues the case.

Resources

1. ZachXBT on X: Post on Feb. 26

2. Axiom on X: Post on Feb. 26

3. Report by CoinDesk: Polymarket bettors appear to have insider-traded on a market designed to catch insider traders

4. Report by UnChained: ZachXBT Alleges Axiom Employee Misused Internal Data