USDZachXBT Alleges Axiom Employee Misused Internal Tools for Insider Trading as $38.1M Polymarket Frenzy Unfolds
Investigation Names Senior Staffer, Details Audio Evidence and Pre-Reveal Betting Profits
TL;DR
- ZachXBT on February 26, 2026 alleged Axiom employees exploited internal wallet-tracking tools, citing audio and screenshots.
- Axiom, founded in 2024 and backed by Y Combinator Winter 2025, has generated over $390 million in revenue.
- Polymarket bets tied to the reveal drove $38.1 million in volume, with select traders profiting up to $411,400.
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Blockchain investigator ZachXBT on February 26, 2026 publicly accused employees at Solana-based trading platform Axiom Exchange of conducting insider trading by exploiting internal access to user wallet data. The allegations, based on recordings, screenshots and internal documents, center on claims that staff accessed non-public wallet histories, referral codes, UIDs and connected account data to identify profitable trades before broader market awareness. ZachXBT said the probe followed multiple complaints and independent commission requests tied to conduct allegedly dating back to early 2025.
The investigation identifies senior business development employee Broox Bauer, known online as @WheresBroox, as a key figure. Audio recordings cited in the report include Bauer stating he could “track any Axiom user” and later claiming he could “find out anything to do with that person.” Another excerpt captures him explaining incremental wallet lookups were limited to “10–20 wallets initially… so it does not look that suspicious.” Screenshots referenced in the material show wallet addresses compiled into shared Google Sheets accessible among staff.
Allegations extend beyond individual activity to broader internal controls. The report states Axiom employees outside technical security roles had access to a dashboard capable of stitching together private wallet histories, with what ZachXBT described as “virtually no monitoring and access controls.” Several crypto key opinion leaders independently confirmed wallet data presented in the findings corresponded to their own trading activity. Bauer allegedly referenced colleagues Ryan, known as Ryucio, and Gowno, also called Seb, during recorded calls reviewed in the investigation.
Axiom was founded in 2024 and later participated in Y Combinator’s Winter 2025 cohort. Public reporting describes the exchange as one of the most profitable crypto trading platforms, with cumulative revenue exceeding $390 million. Company representatives acknowledged awareness of the allegations and stated they were reviewing internal controls and had removed certain tool access, according to published accounts citing the firm’s response.
Prediction markets reacted sharply as rumors circulated ahead of the disclosure. A Polymarket contract titled “Which crypto company will ZachXBT expose for insider trading?” ultimately resolved with Axiom at approximately 100% probability at settlement. Total trading volume on the contract reached $38.1 million by resolution, reflecting concentrated positioning ahead of the announcement.
On-chain tracking accounts detailed several trades placed before the public reveal. One newly created wallet spent $5,120 on February 25 wagering that Axiom would be named. Another anonymous trader used a fresh wallet to place $50.7K when the odds stood at 15.1% and later closed the position for a $39K profit within one day.
Additional blockchain data show that about three hours before ZachXBT disclosed the company’s identity, two newly created anonymous wallets collectively placed $59.8K in bets on Axiom. Those positions generated $109K over the following three hours. Social media commentary accompanying the data described the sequence as “Insiders making money on a bet about insider trading — interesting.”
A separate trader identified as predictorxyz wagered $65.8K at 13.8% odds and ultimately recorded $411.4K in profit after the outcome was confirmed, which some community voices believed to be a Pump.fun team member—GorillaCapital. In response, ZachXBT stated his investigation into Axiom was conducted independently and denied any communication with that person. He detailed that he traced a separate $50K Polymarket bet associated with Axiom to the address “Agash” using timing analysis tied to wallet creation and transaction sequencing. That $50K position was placed shortly before publication of the report and coincided with total event volume reaching $34M, a level of engagement not seen during his prior teaser posts.
Community reactions intensified across social media following the disclosure, with some users questioning ZachXBT’s motives and alleging potential bias in targeting Axiom. Several commentators publicly demanded transparency regarding who financed the inquiry into the exchange. Others debated whether the rapid betting activity suggested information asymmetry rather than coincidence.
The episode has drawn attention to prediction market dynamics and the scrutiny surrounding conflicts of interest in public disclosures, with ZachXBT’s findings prompting calls for closer examination of disclosure practices tied to market-moving investigations.
This article has been refined and enhanced by ChatGPT.
