After several days of online speculation, blockchain investigator ZachXBT has published the findings of a probe he first alluded to earlier this week, detailing what he describes as insider trading and internal data abuse at Axiom Exchange.
In a series of posts, ZachXBT identified Broox Bauer, known on X as @WheresBroox, as a central figure in the alleged scheme. Bauer is described as a senior business development employee at Axiom based in New York.
Alleged Wallet Lookups And Insider Trading Scheme
According to the investigation, Bauer and others exploited insufficient access controls on internal tools to retrieve sensitive user information and track private wallet activity, allegedly using that data to inform trades as far back as early 2025.
Audio clips shared as part of the report appear to show Bauer explaining how he could monitor any Axiom user through referral codes, wallet addresses or internal user IDs. In one recording, he claims he can “find out anything to do with that person.”
He also describes starting by reviewing 10 to 20 wallets and gradually expanding the scope over time “so it does not look that suspicious.” In another excerpt from the same private group call, Bauer outlines procedures for requesting wallet lookups and says he would provide a full list of tracked addresses.
The investigation cites specific instances of alleged misuse of internal dashboards. In April 2025, Bauer reportedly shared a screenshot from an Axiom internal interface showing private wallet information for a trader identified as “Jerry.”
In August 2025, he allegedly circulated another image displaying registration data and linked wallets for a trader known as “Monix.” That same month, he is said to have discussed conducting lookups on Axiom users who had traded the meme coin AURA.
According to the findings, the group compiled wallet addresses of multiple key opinion leaders (KOLs) into a Google Sheet. The document mapped out addresses gathered from Axiom’s internal dashboard.
Several KOLs named in the sheet or visible in leaked screenshots were contacted and independently confirmed that the wallet data attributed to them was accurate.
Axiom Case May Fall Under SDNY Jurisdiction
The report raises broader concerns about internal oversight at the exchange. It claims there was little to no effective monitoring or restriction on employee access to sensitive user data, regardless of whether senior figures identified as Cal or Mist were aware of the activity.
Given that Bauer is based in New York City, ZachXBT suggested the matter could fall within the jurisdiction of the US Attorney’s Office for the Southern District of New York (SDNY).
He stated that, regardless of whether criminal charges are ultimately pursued, Axiom’s co-founders should conduct a thorough internal review and consider legal action against any employees found to have abused their access.
Adding to the controversy, separate reports indicate that roughly three hours before ZachXBT publicly disclosed the alleged insider trading activity, a suspected insider placed bets totaling $59,800 using two newly created wallets.
Those trades reportedly generated nearly $109,000 in profit, further fueling concerns about the potential misuse of privileged information.
Featured image from OpenArt, chart from TradingView.com
