Major Crypto Exchange Exposed: ZachXBT Uncovers Staff Insider Trading Scheme

TLDR:

• ZachXBT was retained to investigate Axiom Exchange after receiving reports of employee misconduct in early 2025.
• Senior BD employee Broox Bauer allegedly tracked 10–20 private wallets using an internal Axiom dashboard without authorization.
• Leaked recordings reveal a coordinated plan where Axiom staff shared private user data to gain unfair crypto trading advantages.
• ZachXBT flagged Axiom’s lack of access controls, noting the dashboard data granted to BD staff was highly unusual and excessive.

Axiom Exchange faces serious allegations of insider trading after blockchain investigator ZachXBT exposed multiple employees. The employees allegedly abused internal access controls to query sensitive user data.

The scheme reportedly involved tracking private wallet activity since early 2025. ZachXBT was retained to investigate after receiving misconduct reports. The investigation identified key individuals, leaked recordings, and wallet addresses tied to the alleged activity.

Broox Bauer at the Center of the Alleged Scheme

Broox Bauer, a senior business development employee based in New York, is the central figure in the investigation.

ZachXBT identified Bauer’s primary wallet and mapped out associated addresses. Bauer allegedly used Axiom’s internal dashboard to access private user data without proper authorization.

In leaked audio, Bauer stated he could track any Axiom user through a referral code, wallet, or UID. He also described researching 10 to 20 wallets initially, then slowly increasing the number over time. His reasoning, captured in the recording, was to avoid raising suspicion.

Screenshots shared by Bauer in April and August 2025 showed internal dashboard data for traders identified as “Jerry” and “Monix.”

The group then compiled wallet addresses into a Google Sheet targeting multiple key opinion leaders. Several of those KOLs independently confirmed the accuracy of the data attributed to them.

How the Group Organized the Operation

The leaked recording also revealed the involvement of other Axiom staff. Bauer’s close associate, identified as Gowno (Seb), was a recently hired Axiom moderator.

Another Axiom BD employee, Ryan (Ryucio), was also named in the clips as someone who conducted lookups on behalf of others.

During a February 2026 call, Bauer outlined a plan to help Gowno earn $200,000 quickly through access abuse. This was consistent with patterns of illicit activity he reportedly conducted with others since early 2025.

Bauer also shared screenshots of exchange balances in private chats, suggesting returns were already being generated.

One of the targets was a trader named Marcell, known for using followers as exit liquidity. He was targeted because his private wallets were rarely public, making the privileged data more valuable. Traders who reuse addresses less frequently are especially vulnerable to this type of abuse.

Axiom’s Internal Controls Under Scrutiny

ZachXBT contacted Axiom’s co-founders for comment before publishing. Their official statement was attached to the investigation report.

The investigator noted that, regardless of whether the founders were aware, monitoring and access controls were largely absent.

The level of data available to employees through the dashboard was described as unusual for BD roles. This included full wallet lists with timestamps, tracking activity, transaction history, wallet nicknames, and linked accounts. Such access goes well beyond what is typically granted in business development positions.

ZachXBT suggested the case may fall within the jurisdiction of the Southern District of New York, given Bauer’s location. The investigator also called on Axiom’s co-founders to investigate further and consider legal action.

Whether or not criminal charges follow, the case raises broader questions about data governance at crypto trading platforms.

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