Axiom Exchange has publicly responded to insider trading accusations, saying it has removed access to the internal tools in question and launched an internal investigation after learning they may have been misused to look up user wallets. The response followed a report from blockchain investigator ZachXBT, who alleged that a senior employee used internal systems to access non-public account information.
Report alleges access to private wallet activity and trade history
According to details cited by 36Crypto, Broox Bauer, a New York-based senior business development staff member, allegedly used internal customer support dashboards to monitor private wallet activity and review detailed trading histories that were not available to the public. The claims spread quickly across trading circles. The issue was not framed as a one-off wallet check, but as a broader pattern of monitoring with possible market implications.
ZachXBT said the tools reportedly exposed wallet addresses, transaction flows, linked accounts, and trading behavior, giving visibility beyond what regular users could see through public blockchain explorers or standard exchange interfaces. The report also said audio clips and shared materials suggested wallet lookups were performed gradually and in a way meant to avoid attracting internal attention.
Shared materials reportedly reached a limited group
The findings further alleged that selected information was passed to a small circle of collaborators who may have benefited from earlier insight into trading patterns. Screenshots referenced in the report were said to show wallet data tied to individual traders, and several of those traders reportedly confirmed that the information matched their real transaction records. Even so, the report noted that proving insider trading conclusively would require internal exchange logs and compliance records.
Axiom says the conduct does not reflect team culture
In a statement posted on X, Axiom said it was shocked and disappointed that internal customer support tools may have been abused. The exchange added that the alleged conduct does not represent its broader team culture and said any responsible individuals would be held accountable. It also said updates would continue as the review moves ahead.
The case has added pressure on centralized exchanges to tighten internal oversight. Access controls, monitoring systems, and user trust are now at the center of the discussion, especially where non-public account data could give some participants an information edge.