ZachXBT, the prominent blockchain investigator, released a detailed exposé accusing Broox Bauer, a senior business development employee at Axiom Exchange; a Solana-based decentralized trading platform, of abusing internal tools to access and share sensitive user data.
Since early 2025 (over 10 months), Broox allegedly used Axiom’s internal dashboards to look up private user details, such as linked wallet addresses, transaction histories, referral codes, UIDs, and more—far beyond what’s typical for a BD role.
He reportedly shared this information with a small group including other employees and associates who compiled lists; in Google Sheets of prominent traders and KOLs to track and potentially front-run their trades, especially in memecoins.
Monitoring wallets tied to influencers like “Marcell“; who allegedly bundled memecoins privately before shilling them and others, enabling coordinated profitable trades ahead of public promotions. Leaked audio clips from a February 2026 call feature Broox discussing plans to help an associate profit $200K quickly via this access.
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Plus claims of tracking users and prior schemes with other Axiom staff like Ryan (Ryucio). ZachXBT identified Broox’s main wallet http://FarpaWkzio7WQVpQeu2eURvNQZ3pCBZupJ95wUjoHcUN , with related addresses showing heavy memecoin activity and flows to CEX deposits—though pinpointing exact insider trades requires Axiom’s internal logs.
Broader issues highlighted: Poor access controls, minimal monitoring, and excessive data visibility even for non-technical roles, raising privacy and potential legal concerns; ZachXBT suggested SDNY jurisdiction given Broox’s NYC base.
Axiom responded that they were “shocked and disappointed,” revoked access to the misused tools, and are conducting an internal investigation while holding parties accountable. Wallets connected to Broox or associates reportedly profited around $400K by betting “Yes” on Polymarket markets predicting Axiom as the target of ZachXBT’s insider trading investigation.
A related Polymarket event “Which crypto company will ZachXBT expose for insider trading?” saw massive volume; tens of millions, with Axiom odds surging to near-certainty before the reveal—fueling suspicions of advance knowledge.
This ties into broader concerns about insider advantages in prediction markets and platform data security in crypto and DeFi. The allegations of abusing internal dashboards to access sensitive user data; wallet addresses, transaction histories, referral codes, UIDs for over 10 months have severely undermined confidence.
Axiom now faces scrutiny over privacy and security failures. Users are likely moving funds elsewhere, as the core promise of decentralized, trustless trading is compromised by off-chain data abuse. Axiom quickly revoked access to the misused tools, expressed being “shocked and disappointed,” and launched an internal investigation while promising accountability.
However, critics note the response feels generic and doesn’t address the scale of exposure or systemic access control issues; why a BD role had such broad visibility with minimal monitoring. Liquidity and trading volume could decline sharply if users flee, directly threatening Axiom’s fee-based model.
ZachXBT urged Axiom’s founders to pursue legal action against involved parties and suggested criminal charges could apply.
The scandal highlights governance gaps in DeFi platforms, potentially inviting increased regulatory attention to data security, access controls, and insider advantages in crypto trading venues.
This creates a meta-layer scandal: questions about insider trading on prediction markets themselves, raising doubts on platforms like Polymarket and Kalshi’s ability to detect and prevent complex insider plays where the market becomes a secondary payout vehicle for leaked info.
Reinforces debates on trust in decentralized platforms—on-chain transparency is undermined by poor off-chain controls. It may deter users from similar terminals and aggregators and fuel calls for better audits and governance. Echoes past scandals, spotlighting risks in employee access, KOL tracking, and memecoin front-running.
It could accelerate demands for stricter internal policies, third-party audits, and privacy-focused features across exchanges. Short-term negative for Axiom-related assets; any associated tokens saw sharp drops in some reports, with ripple effects on Solana ecosystem confidence.
However, it may ultimately strengthen the space by exposing weaknesses early. This is a high-profile case blending data privacy breaches, alleged insider trading, and prediction market exploitation—likely to drive short-term outflows from Axiom.
While prompting longer-term reforms in how crypto platforms handle user data and internal safeguards. The full fallout depends on Axiom’s investigation results, any legal developments, and whether more evidence emerges.