Axiom staff accused of insider trading

Multiple employees at Axiom, a Y Combinator-backed non-custodial trading platform, have been accused by blockchain investigator ZachXBT of engaging in insider trading using internal company tools.

ZachXBT alleged that senior business development employee Broox Bauer abused access to customer support systems to look up sensitive user wallet details and track private wallet activity since early 2025.

“We are shocked and disappointed to hear that someone on our team abused internal customer support tools to look up user wallets,”

Axiom said in a statement, adding that it has removed access and will investigate and hold any offending parties responsible.

According to materials shared by ZachXBT, Bauer allegedly used referral codes, wallet addresses and user identities to map private wallets to influencers such as “Frank” and “GCR,” with employees then identifying meme coin purchases made before public promotion.

ZachXBT said it was difficult to isolate specific trades due to the high volume of meme coin activity without internal logs, but shared a screenshot showing exchange balances allegedly tied to Bauer totalling around $300,000.

Axiom has generated $390 million in revenue since launching in 2024, according to the investigator, and is backed by accelerator Y Combinator, heightening scrutiny around governance and internal controls.

Speculation ahead of the report fuelled millions of dollars in trading on prediction platforms including Polymarket, where Axiom emerged as a leading candidate before the allegations were published, while one user reportedly generated more than $160,000 betting on the outcome.

ZachXBT said leaks ahead of the release were “probably inevitable” given the number of people interviewed, underscoring how investigations into insider trading are themselves becoming market-moving events within crypto.