In a major revelation, on-chain investigator ZachXBT has publicly identified the Solana-based trading platform Axiom as the subject of his previously teased insider trading investigation. The allegations, detailed on February 26, 2026, claim that several Axiom employees, including Broox Bauer, abused internal access to track the private wallet activity of large investors and key opinion leaders (KOLs) to engage in front-running and generate illicit profits.
ZachXBT's investigation, which analyzed blockchain transactions over several months, revealed suspicious trading patterns preceding major Axiom announcements. The evidence suggests that certain wallet addresses consistently executed profitable trades just before significant platform updates, such as the v2 launch in November 2024, partnership reveals, and new token listings. This activity is alleged to have been ongoing since early 2025.
Axiom responded swiftly to the allegations, stating, “We are shocked and disappointed to hear that one of our team members misused internal customer support tools to access user wallets. We have removed access to these tools and will continue to investigate and hold those responsible accountable.” The company emphasized that this does not represent its team and pledged to share updates via its Twitter account.
The scandal has triggered immediate market reactions within the Solana ecosystem, increasing scrutiny of Axiom-related trading pairs. The case highlights critical issues for cryptocurrency markets, including transparency requirements, information security protocols, and investor protection in decentralized ecosystems. It also sets a new standard for detailed on-chain forensic analysis, demonstrating how blockchain's inherent transparency can both enable and expose market manipulation.
