Axiom Employees Accused of Insider Trading After ZachXBT Investigation

Crypto platform Axiom is facing allegations of employee misconduct after a recent investigation by crypto sleuth ZachXBT. The investigation revealed that several employees, including senior business development role holder Broox Bauer, had abused internal tools to track users' wallets and engage in insider trading.

Bauer was recorded discussing how he and other employees could access sensitive information about individual users, including their wallet addresses and transaction history. He also shared screenshots of his own wallet balances, demonstrating the significant profits generated from these illicit activities.

Axiom has responded to the allegations by stating that they have removed access to the affected internal tools and are investigating the matter further. However, the company's statement did not address the extent to which senior management was aware of or involved in the alleged misconduct.