Axiom Employee Allegedly Exploits Dashboard for Insider Trading

MEME-4,03%
  • Axiom’s internal dashboard allegedly let Broox track private wallets, raising insider trading concerns since early 2025.
  • Broox reportedly shared wallet info with associates, targeting high-volume traders and meme coin investors for profit schemes.
  • Lack of access controls at Axiom highlights major security gaps, prompting calls for investigation and stricter monitoring.

A serious allegation has emerged against Axiom Exchange, a crypto trading platform founded by Mist and Cal in 2024. Blockchain investigator ZachXBT revealed that Broox Bauer, a senior business development employee based in New York, allegedly used internal dashboards to track private user wallets.

ZachXBT stated, “Broox can track any Axiom user via ref code, wallet, or UID and claims he can ‘find out anything to do with that person.’” The reports suggest that this practice started in early 2025, targeting users trading meme coins and other private assets.

The platform gained rapid growth after its participation in Y-Combinator’s Winter 2025 batch, generating over $390 million in revenue. However, the lack of access controls on sensitive internal tools appears to have enabled Broox and associates to exploit privileged data.

He reportedly began researching 10–20 wallets initially, slowly expanding to avoid detection. Moreover, screenshots shared from the internal dashboard show private wallets for traders named Jerry and Monix, highlighting the depth of access Broox allegedly maintained.

How the Alleged Scheme Operated

The investigation uncovered a coordinated effort where Broox compiled wallet addresses in Google Sheets, mapping KOLs’ private accounts. Some targeted traders, like Marcell, buy large portions of tokens from private wallets before promoting them to followers, making them ideal targets.

Broox allegedly involved close associates like Gowno (Seb) and discussed plans to help him profit $200K by misusing internal access. ZachXBT noted that “the case presents itself as a good opportunity for SDNY” given Broox’s New York location.

Additionally, the investigation traced Broox’s main wallet and related addresses, showing high-volume meme coin trades and CEX deposits. Despite the activity, pinpointing insider trades requires internal logs from Axiom. The platform acknowledged the unusual level of data access granted to employees, including complete wallet lists, transaction histories, and linked accounts.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC breaks through $68,000, with an intraday increase of 0.25%

Gate News Report, March 8th, BTC price breaks through the $68,000 mark, with a daily increase of 0.25%.

GateNews47m ago

Bitcoin spot ETF saw a net outflow of $349 million yesterday, with none of the twelve ETFs experiencing net inflows.

On March 7th, Bitcoin spot ETFs experienced a total net outflow of $349 million, with none of the twelve ETFs showing net inflows. Fidelity FBTC and BlackRock IBIT had net outflows of $159 million and $143 million respectively. Currently, the total net asset value of Bitcoin spot ETFs is $87.075 billion.

GateNews5h ago

March 8, 2026 Top Trending Coins Overview, the top three in popularity are: Alchemix, Dego Finance, Nietzschean Penguin

GateNews8h ago

Market Report: Top 5 cryptocurrencies by decline on March 8, 2026, with Pi experiencing the largest drop

GateNews8h ago

Market Report: Top 5 Cryptocurrency Gainers on March 8, 2026, led by Kite

GateNews9h ago

Today, the cryptocurrency Fear and Greed Index is at 12, indicating the market is in extreme fear.

Gate News Report, March 8th, according to Alternative.me data, today’s cryptocurrency Fear and Greed Index is at 12, indicating the market is in a "Extreme Fear" state. This index measures market sentiment, with lower values indicating higher levels of fear.

GateNews10h ago
Comment
0/400
No comments