On-chain analyst ZachXBT alleges Axiom staff misused internal access for insider trading

On Feb. 26, on-chain investigator ZachXBT publicly named Axiom as the exchange at the center of an alleged insider-trading probe, asserting that employees abused privileged internal access to monitor private user wallets and trade on that information ^[1][2][4].

Reporting summarizing ZachXBT’s findings says the alleged misconduct involved misuse of internal tools to track wallet activity, that multiple employees were implicated, and that some of the activity dates back to early 2025 ^[2][6].

The allegations spurred coverage and discussion across crypto news sites and social platforms, with Reddit threads and multiple outlets relaying ZachXBT’s claims and related details as the story circulated ^[3][5][4].

Observers and reporters have noted the incident highlights the need for stronger internal controls and monitoring at trading platforms to prevent misuse of privileged access ^[1].