Axiom Exchange, a Solana-based trading platform backed by Y Combinator, is facing allegations that a staff member exploited internal tools to access private user wallet data and potentially facilitate insider-style trading since early 2025.
ZachXBT, an independent on-chain investigator, published findings today identifying Broox Bauer, a senior business development employee based in New York, as a central figure in the alleged scheme.
1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025. pic.twitter.com/KwICQMJL1q
— ZachXBT (@zachxbt) February 26, 2026
Recorded calls obtained during the investigation show Bauer describing his ability to look up any user through reference codes, wallet addresses, or unique identifiers.
The recordings also reveal discussions about gradually expanding surveillance from 10 to 20 wallets initially to avoid detection.
Evidence presented includes screenshots from April and August 2025 showing internal dashboard data for traders identified as “Jerry” and “Monix,” along with wallet lookups tied to holders of the meme coin AURA.
A separate February 2026 recording allegedly captures Bauer outlining plans to help a colleague generate $200,000 in profits by leveraging privileged platform access.
The investigation identified a spreadsheet compiling wallet addresses for multiple crypto influencers, with several targeted individuals independently verifying the accuracy of data attributed to them.
Founded in 2024 by Henry Zhang and Preston Ellis, the platform completed Y Combinator’s Winter 2025 cohort and generated more than $390M in cumulative revenue, ranking among the most profitable decentralized exchanges by late 2025.
The investigator noted that regardless of whether co-founders were aware, the platform lacked adequate monitoring or access restrictions to prevent such abuse.
Dashboard permissions for business development roles reportedly included complete wallet histories, tracked addresses, transaction records, and linked accounts.
This is a developing story. Please come back for further updates.