Axiom Exchange Embroiled in Insider Trading Allegations

A recent investigation by a blockchain researcher has brought to light allegations of insider trading against Axiom Exchange, a prominent DeFi platform on the Solana blockchain.

The alleged scheme involves Axiom employees using internal customer support tools to access user wallet information and potentially exploit this data for personal gain. According to the findings, Broox Bauer, a senior business development employee at Axiom, used internal lookup tools to map private wallets linked to high-value traders and influencers.

These allegations have prompted an internal investigation by Axiom, with the exchange stating that it was 'shocked and disappointed' to learn of the misuse of its internal customer support tools. Access to these tools has been removed, and the exchange has vowed to hold those responsible accountable.