Axiom Exchange, a cryptocurrency exchange that launched in 2024, is facing controversy after an on-chain investigator revealed allegations of insider trading. According to ZachXBT, a senior business development employee at Axiom, Broox Bauer, misused internal tools to access private wallet data and gain trading advantages.
The investigation, which began in February 2026, found that Bauer allegedly used reference codes, wallet addresses, and user identifiers to track users for trading advantage. The probe also revealed recordings of calls where Bauer described his ability to trace any user and retrieve wallet histories through internal dashboards.