Axiom Employee Allegedly Exploits Dashboard for Insider Trading

MEME-2,38%
  • 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

Analyst: Block's shift to AI strategy could benefit Square's business the most

Block announced after the earnings release that it will lay off 40% of its staff and accelerate AI transformation. Analysts believe its payment business Square will benefit. The operating profit for the fourth quarter was $485 million, with an expected 18% increase in gross profit by 2026. The company also increased its Bitcoin holdings to approximately 8,883 coins, with a total value of about $577 million.

GateNews26m ago

Circle Earnings Surge as Allaire Ties AI to Stablecoins

Circle's CEO Jeremy Allaire emphasized the integration of AI, blockchain, and stablecoins in transforming economic activity. The company reported strong Q4 earnings, with revenue of $770M, a 72% rise in USDC supply, and a significant stock price increase post-announcement.

CryptoFrontNews7h ago

Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on February 27

Gate News bot message, according to the latest ETF data released on February 27, Bitcoin ETFs recorded a daily net inflow of 5,445 BTC (approximately $360.87 million), with a weekly net inflow of 13,053 BTC (approximately $865.15 million). Ethereum ETFs showed a daily net inflow of 24,359 ETH (app

GateNews7h ago

Meta Plans Stablecoin Comeback in 2026 with Payments Across Facebook, Instagram, and WhatsApp

Meta is weighing integrating stablecoins into its family of social media platforms, including Facebook, Instagram, and WhatsApp. A company spokesperson stressed that the company has no plans to issue its own stablecoin after previous crashes with regulators. Social media giant Meta is

CryptoNewsFlash8h ago

Polygon Strengthens Global Payments Role with Brazil’s BBRL Stablecoin Launch

Grupo Braza, one of Brazil’s largest foreign exchange banks, has launched BBRL, a new stablecoin on the Polygon network. BBRL is backed by reals in reserve, expanding the reach of Brazil’s national currency in global digital finance as CBDC development slows down. Grupo Braza, one of Brazil’

CryptoNewsFlash8h ago

Pi Network Rolls Out Phase 2 Protocol Upgrades With Mandatory Node Deadline

Pi Network set March 1 as the mandatory deadline for Step 2 upgrades, and Mainnet nodes that miss it risk losing network connectivity. The update advances Pi’s protocol path toward newer Stellar consensus versions, with the Core Team targeting version 23 by June 2026. Pi Network has

CryptoNewsFlash9h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)