Axiom Exchange — Employee Insider Trading Scandal
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 20 → 26. Problems weighed by who is responsible: the subject's own conduct −71, concerns that are not fraud −6, problems around the subject, caused by others −2.9; legitimacy credit long-running +4; no established finding that it defrauded anyone, so it stays out of the red band. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -71 |
| Concerns that are not fraud | -6 |
| Problems around it, caused by others | -2.9 |
| Long-running | +4 |
| Sum | -11 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
Axiom Exchange is a Y Combinator-backed, non-custodial Solana trading terminal founded in 2024 that generated over $390 million in revenue within roughly a year of launch. On February 26, 2026, blockchain investigator ZachXBT alleged that senior business development employee Broox Bauer and associates abused internal customer support dashboards with little to no access controls to look up private user and KOL wallet data and front-run trades for roughly ten months or more, with alleged profits reported at over $400,000; a secondary controversy involved alleged insider betting on a Polymarket contract about the investigation's target. Axiom said it was shocked, revoked access to the tools and pledged to investigate, but no regulatory or criminal action had been publicly announced as of mid-2026.
Connected Entities
15 entities · 60 linked investigations- FarpaW…HcUN→mentioned with→Axiom DEX Insider Trading (Broox Bauer)(50%)
- FarpaW…HcUN→mentioned with→Broox Bauer / Axiom Insider Trading Ring(50%)
- Axiom→mentioned with→Solana(70%)
- Axiom DEX Insider Trading (Broox Bauer)→mentioned with→Solana(65%)
- Axiom→mentioned with→Hyperliquid(60%)
- Axiom DEX Insider Trading (Broox Bauer)→mentioned with→Do Kwon(85%)
- Axiom DEX Insider Trading (Broox Bauer)→mentioned with→Axiom(70%)
- Axiom DEX Insider Trading (Broox Bauer)→mentioned with→ZachXBT(70%)
- Axiom→mentioned with→ZachXBT(70%)
- Axiom Exchange — Employee Insider Trading Scandal→mentioned with→ZachXBT(70%)
- + 33 more
6 submissions awaiting moderator review.
Timeline(13 events)
2024
Axiom Exchange founded by Henry Zhang (Mist) and Preston Ellis (Cal); later accepted into Y Combinator's Winter 2025 batch.
DL News / Forbes2025
Axiom launches in early access on Solana following the Y Combinator Winter 2025 batch, then opens publicly; business development staff have broad access to internal user dashboard tools.
The Block / Blockworks2025
Alleged internal data access scheme begins shortly after launch; Bauer allegedly starts with 10 to 20 wallet lookups to avoid suspicion. ZachXBT places the misconduct over 10+ months before February 2026.
DL News / BlockNow / PANewsApril 2025
Broox Bauer allegedly shares a screenshot from the internal dashboard exposing private wallets, connected addresses and registration details of a trader identified as 'Jerry'; one account says the scheme began in earnest at this point.
CryptoPotato / BlockNow / PANewsAugust 2025
Registration details and linked wallet addresses for a trader known as 'Monix' allegedly shared; the group allegedly discusses looking up traders of the $AURA memecoin.
crypto.news / PANewsFebruary 2026
Recorded private group call allegedly captures Broox Bauer describing internal lookup capabilities and outlining a plan for moderator Gowno (Seb) to earn $200,000 via privileged access.
CoinDeskFebruary 2026
ZachXBT teases an upcoming insider trading investigation; Polymarket market 'Which crypto company will ZachXBT expose for insider trading?' launches and draws roughly $38-40 million in volume before settlement.
CoinDesk / CoinTelegraphFebruary 2026
ZachXBT contacts Axiom's founders for comment before publishing; information allegedly leaks and coordinated Polymarket bets are placed at about 13.8% probability that Axiom will be named.
CryptoRankFebruary 2026
ZachXBT publishes his investigation on X naming Axiom Exchange, Broox Bauer and associates, alleging 10+ months of unauthorized internal data access used to front-run trades and alleged profits exceeding $400,000.
CoinDeskFebruary 2026
Axiom issues public statement expressing shock and disappointment, removes access to the implicated internal tools, and pledges continued investigation.
The Block / DL NewsFebruary 2026
CoinDesk reports Polymarket bettors appear to have 'insider-traded on a market designed to catch insider traders'; Lookonchain identifies 12 wallets with over $1 million in combined pre-reveal profits, and on-chain researchers allege some wallets are connected to Bauer or his associates.
CoinDesk / CryptopolitanFebruary 2026
Polymarket contract resolves near 100% certainty; wallet 0x054eC2F0cCfdaE941 reportedly collects a $421,496 payout on a $212,563 bet.
CryptoRankDecision Log
- slot 455363495 · hash 6tkX7kaSTKnQXZQZ6QxBvE61Jdy7DBFb8AZ8XD1ceGig
- slot 445504500 · hash 7RfCioyoQWiKQj6KqkAvrkExts1K8isPtMymvuEoDqa8
- slot 443521642 · hash G2ZqHVvGFfCeTDMzNKP3e6dMTQ2re4rvQMjXKoy45WY4
- slot 443521544 · hash 9kAXqqx18nGYE5VjqbnQnSRycvPfrdHrSEmjNfxx2HrB
- slot 443503316 · hash BU7fmCJguJNgc9ZQuEhAniQC4nQ6WAoL6C62gamLvVij
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 44 of 49 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 8/1/2026, 5:10:02 PM
last updated: 10/10/2026, 6:43:19 PM
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