Another crypto executive accused of insider trading

Anand Sinha

Fri, February 27, 2026 at 2:23 AM GMT+9 3 min read

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Popular onchain sleuth ZachXBT finally released a much-awaited scoop on Feb. 26, accusing a senior business development employee at Axiom Exchange of abusing internal access controls to track user wallets and allegedly profit from insider trading activity.

Axiom is a crypto trading platform founded by Mist & Cal in 2024. After going through Y-Combinator’s Winter 2025 batch, it quickly became one of the most profitable companies in the space, generating more than $390 million in revenue to date.

The allegations center on Broox Bauer who is described as a New York-based senior BD employee at the crypto trading exchange. The investigation claims Bauer exploited internal dashboards to look up sensitive user information such as wallet addresses, transaction histories and linked accounts and shared the data with associates to execute insider trading.

The allegation comes amidst the crypto community pointing fingers at Jane Street for allegedly manipulating Bitcoin prices.

Related: AI stock jumps 60% after SEC filing reveals insider buying

Internal dashboard access allegedly exploited

According to ZachXBT, Bauer claimed that he could track any Axiom user via referral code, wallet address or UID and “find out anything to do with that person.” He allegedly described starting with lookups of 10-20 wallets and gradually increasing volume “so it does not look that suspicious.”

The thread further alleges that Bauer shared screenshots from Axiom’s internal dashboard in April and August 2025, including private wallet data belonging to specific traders.

The group allegedly created a Google Sheet of wallet addresses of multiple key opinion leaders (KOLs), mapping wallets obtained via internal access.

Several KOLs named in the leaked material independently confirmed the accuracy of wallet data attributed to them, claimed ZachXBT.

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Alleged targeting of KOLs

One of the reportedly targeted KOLs was Marcell who allegedly has a reputation for “bundling” meme coins. It means accumulating large token allocations via private wallets before promoting tokens to followers.

Because such traders often use non-public wallets and avoid address reuse, privileged internal data would be particularly valuable, the report claims.

Other employees mentioned in recorded clip

The recorded clip allegedly included Broox and a recently hired Axiom moderator and referenced two additional employees, though these two weren’t present in the call itself.

Story Continues  

In the audio, Broox allegedly discussed how expanded internal access could be used to generate profits and outlined a plan to help one participant earn $200,000 by leveraging dashboard lookups.

The investigator claims similar activity had been ongoing since early 2025 and shared screenshots of exchange balances suggesting prior profits.

ZachXBT identified Broox’s main wallet:

FarpaWkzio7WQVpQeu2eURvNQZ3pCBZupJ95wUjoHcUN

He added that funds from related addresses primarily flowed to the following CEX deposit addresses:

9HtKkLzTVUGMS9BDMSXbVjooP1rVoeiFPj3tEtmj7Qn4

A8XSEaZXYo8eidAMivoAonf8skBeW1QkfprdBJm6eVz

HPr1MSrSB2i9r9Vcsj8Cmx2sUFGudpDum6kY9dp2ePCN

Afp4DargofX8K67BRUuhVuoBy1DJn9vTbH3ico9CaNs1

6rv1iSZ7YyR18R7EPvXwHdDkNp3qzrE9YPQtPnLVaYbv

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Axiom responds

In a statement provided in response to the allegations, Axiom said,

“We are surprised and disappointed to hear that someone on our team abused internal customer support tools to look up user wallets.
We have removed access to these tools and will continue to investigate and hold the offending parties responsible.
This does not represent us as a team, we have always tried to put the user first. We’ll share updates on our Twitter as we learn more.”

ZachXBT said that regardless of whether senior leadership was aware of the alleged conduct, “little to no monitoring or access controls” were in place to prevent such abuse.

The post suggested the matter could fall under the jurisdiction of the U.S. Attorney’s Office for the Southern District of New York (SDNY) if criminal conduct is established.

This story was originally published by TheStreet on Feb 26, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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