Yesterday, ZachXBT published an investigation that caused a serious stir in the crypto community. It turns out that one of the employees of the Axiom Exchange platform used privileged access improperly.

The story is that a guy named Brooks Bower, who worked at Axiom as a business development specialist based in New York, gained access to internal control panels and viewed private user data through them. Not just viewing, but also sharing information with a small group of traders. Together, they collected wallet addresses of well-known crypto influencers into spreadsheets and tracked their movements.

In the released audio recordings, Bower himself admits that he could track almost any Axiom user by referral code or wallet address. He even described how he gradually scaled up his activities so it wouldn’t look suspicious. Initially checking 10–20 wallets, then expanding.

Their strategy was clever: they hunted for traders who accumulated large positions in meme coins from private addresses before a public promotion. By identifying previously unknown wallets, the group gained an informational advantage for their own trading.

ZachXBT analyzed blockchain data and tracked Bower’s main wallet. Although he honestly admitted that without access to Axiom’s internal logs, it’s difficult to prove insider trading with 100% certainty solely based on blockchain data.

Axiom has already responded. The company stated that they are shocked by what happened, have removed access to the relevant systems, and promise to continue the investigation. However, they did not respond to CoinDesk’s request.

This investigation sparked a wave of speculation on Polymarket. In the prediction market, where people bet on the outcomes of various events, the probability that Axiom is at the center of the scandal increased to 35% by Thursday (, whereas at the beginning of the week, Meteora was at 43% ). The market volume exceeded $30 million.

For context: Axiom was founded in 2024 and has already joined the winter cohort of Y Combinator 2025. According to ZachXBT, the platform generated over $390 million in revenue. But it seems not everyone inside the company adhered to principles of fair trading.