An interesting story has surfaced from crypto investigations. Blockchain investigator ZachXBT published some serious allegations against one of the employees of the trading platform Axiom Exchange.

According to him, senior business development specialist Brooks Bauer used internal tools to access confidential user data — wallet addresses, transaction history, and other private information. Even more interesting: this information was allegedly passed to a small group that tracked deals of well-known crypto influencers.

In the released audio recordings, a person, presumably Bauer, talks about the ability to track any user of the platform by referral code or wallet address. Notably, he describes how he initially researched 10-20 wallets, then gradually increased activity to avoid suspicion.

The strategy was aimed at traders known for accumulating large positions in meme coins from private addresses before publicly promoting tokens. By identifying these previously hidden wallets, the group could theoretically track patterns and take positions in advance, anticipating price increases.

ZachXBT identified Bauer’s main wallet and traced how funds were transferred to deposit addresses of various exchanges. He honestly admitted that without access to Axiom’s internal logs, it’s difficult to fully prove insider trading solely based on blockchain data.

Axiom responded quickly. They stated they are shocked and disappointed by what happened, restricted access to relevant systems, and promised a full investigation. Axiom was founded in 2024 and is already participating in Y Combinator’s winter cohort 2025. According to ZachXBT, the platform has already generated over $390 million in revenue.

This case again highlights how important it is to monitor trading practices and data security in the crypto industry. Interestingly, on Polymarket, bets on the culprit of the investigation shifted sharply in favor of Axiom — the market volume exceeded $30 million. Earlier in the week, Meteora was leading with a 43% probability, but by Thursday morning, the situation changed, and Axiom took the lead with 35%.

Of course, the odds in prediction markets only reflect traders’ sentiment, not verified facts. But the story shows how quickly information spreads in the crypto community and how seriously people take security and transparency issues on trading platforms.