ZachXBT alleges Axiom insider trading as Polymarket profits soar

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Zachxbt alleges axiom insider

Highlights

ZachXBT accuses Axiom employees of insider wallet tracking and memecoin trading.
Axiom launches internal probe, disables access to sensitive systems.
Polymarket betting surge raises new insider trading concerns.

On February 26, ZachXBT published a previously announced report presenting information about insider trading by employees of the crypto exchange Axiom.

The key figure in the investigation is Brooks Bauer, a senior business development employee at Axiom, known online as @WheresBroox from New York. He allegedly had access to internal systems that allowed him to track users’ private wallets through referral codes, wallet addresses, or user IDs.

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According to records and screenshots obtained by ZachXBT, Bauer initially examined between 10 and 20 wallets and gradually expanded the number. In one excerpt, he claimed he could “find anything” about an Axiom user.

Internal capabilities raise concerns

Well-known traders and influencers promoting memecoins were of particular interest. In materials dated 2025, ZachXBT references traders “Jerry” and “Monix,” as well as promoters of the AURA memecoin. Some of the mentioned traders confirmed that the data presented by ZachXBT matched their personal wallets.

Bauer allegedly used the obtained information to actively trade memecoins. However, confirming specific insider trades would require Axiom’s internal logs.

The investigator also mentions other Axiom employees, including Ryan (Ryucio), Gowno (Seb), and a moderator known as Mystery. They allegedly either knew about the activity or participated in insider trades themselves.

Axiom has responded to the investigation, expressing “shock and disappointment” over the alleged misuse of internal tools. The company stated that it has revoked access to the relevant systems and launched an internal investigation.

Fallout and wider implications

ZachXBT’s investigation highlights weak access controls that allegedly allowed Axiom employees to access sensitive information, including complete wallet histories, nicknames, linked accounts, and the ability to monitor selected traders.

It remains unclear whether criminal charges will follow. However, the public reaction to the report may prompt other platforms to strengthen their security measures.

To amplify attention, ZachXBT had previously announced the investigation without naming the target, triggering speculation and heavy betting activity on the prediction platform Polymarket. Trading volume on the market reportedly exceeded $23 million in the days leading up to the publication.

Crypto.news reported large bets placed just hours before the disclosure. In one case, a bettor earned $109,000, and in another, $411,000. Some analysts suggested these trades may have relied on non-public information, raising questions about potential insider activity involving ZachXBT or individuals close to him.

As we wrote, Prediction market odds spike as users wager on ZachXBT investigation

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