Y Combinator-Backed Axiom Exchange Employees Accused of Insider Trading: ZachXBT
Multiple employees at Axiom, a non-custodial trading platform, are accused of insider trading, according to blockchain investigator ZachXBT. Senior business development employee Broox Bauer allegedly misused internal tools to access sensitive user information and track private wallet activity for trading advantages. Materials shared by ZachXBT suggest Bauer shared confidential wallet data with others and could identify traders' linked wallets through referral codes and user identities. Axiom acknowledged the issue, stating the conduct does not represent company culture, has revoked tool access, and is conducting an internal investigation. The allegations involve the employees mapping wallet addresses to influencers and exploiting non-public wallet activity for profit, particularly in meme coin trades. While ZachXBT could not directly tie specific trades to insider activity due to data limitations, he presented evidence of large exchange balances linked to Bauer. The investigation has sparked significant attention and trading activity on prediction markets. Axiom, which launched in 2024 and has generated $390 million in revenue, is backed by Y Combinator.
