Crypto sleuth ZachXBT posted on X, revealing that the platform he has been investigating is Axiom. In his X thread, ZachXBT discloses that multiple employees of the cryptocurrency exchange Axiom Exchange are suspected of abusing their access to internal tools to track users' private wallet activities and engage in insider trading. ZachXBT stated that they were commissioned to independently investigate allegations of misconduct at Axiom.
The investigation outlines that certain employees allegedly abused the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025.
In a clip attached in ZachXBT's X thread, a person can be heard stating he can track any Axiom user via referral code, wallet, or UID. The person is also heard describing researching 10-20 wallets initially and slowly increasing over time "so it does not look that suspicious".
ZachXBT stated that he contacted the Axiom team earlier today for their input. He hopes that Axiom's co-founders will further investigate this incident and consider taking legal action against the employees involved.
The Axiom team replied on X, with the following statement: "We are shocked and disappointed to hear that someone on our team abused internal customer support tools to look up user wallets. We have removed access to these tools and will continue to investigate and hold the offending parties responsible. This does not represent us as a team, we have always tried to put the user first. We’ll share updates on our twitter as we learn more."
