- Axiom removes internal tool access after misconduct allegations surface
- ZachXBT report details alleged wallet tracking and data sharing
- Exchange pledges investigation amid rising market fairness concerns
Axiom Exchange has publicly addressed insider trading accusations after blockchain investigator ZachXBT released findings alleging that a senior employee misused internal systems to access confidential user wallet data, triggering renewed debate across the crypto sector about internal oversight and the integrity of centralized trading platforms.
As reported by 36Crypto, Broox Bauer, a New York-based senior business development staff member, allegedly leveraged internal customer support dashboards to monitor private wallet activity and examine detailed trading histories that were not visible to the public.
The allegations quickly circulated among traders and analysts, as concerns mounted that privileged access to sensitive account data may have created an uneven informational landscape within the exchange. According to ZachXBT, the activity extended beyond isolated wallet checks and reflected a pattern of structured monitoring that raised broader governance questions.
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Internal Tools and Alleged Data Access
The investigation outlines how these internal tools reportedly provided visibility into wallet addresses, transaction flows, linked accounts, and trading behavior, creating a level of transparency that ordinary market participants could not access through public blockchain explorers or exchange interfaces.
According to ZachXBT, audio clips and shared materials suggest that wallet lookups were conducted gradually and strategically to avoid drawing internal scrutiny, while selected information was allegedly shared with a limited circle of collaborators who could have benefited from early insight into trading patterns.
Screenshots referenced in the report allegedly displayed specific wallet data tied to individual traders, and several of those traders reportedly confirmed that the information matched their actual transaction records, adding weight to the credibility of the claims even though definitive proof of insider trading would require access to internal exchange logs and compliance records.
Axiom Exchange Response and Ongoing Review
In response, Axiom Exchange issued a statement on X addressing the accusations directly. According to Axiom, the company was shocked and disappointed to learn that internal customer support tools may have been abused to look up user wallets. The exchange confirmed that it has removed access to those tools and initiated an internal investigation.
Additionally, Axiom stated that the alleged conduct does not represent its broader team culture and pledged to hold any responsible individuals accountable while continuing to provide updates as the review progresses.
Consequently, the episode has intensified calls for stronger internal monitoring systems, as industry observers stress that robust access controls remain essential for maintaining market fairness and user trust within centralized exchanges.
As investigations continue, the allegations against Axiom Exchange highlight the critical importance of transparent governance structures and strict internal safeguards, particularly in an industry where confidence and equal access to information remain foundational to market stability.
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