Axiom Investigates Allegations of Employee Insider Trading and Data Misuse
Blockchain investigator ZachXBT claims Axiom senior employee Broox Bauer accessed user wallet data using internal tools and profited over ¥150 million, prompting an internal probe by the platform.
Summary
ZachXBT's investigation claims that Axiom senior employee Broox Bauer used internal tools to access user wallet data and allegedly engaged in insider trading, profiting over ¥150 million. Axiom responded by removing access to customer support tools and launching an internal investigation. No further comment has been provided by the firm.
Terms & Concepts
- Insider Trading: The illegal use of non-public, material information to trade assets for personal gain before the information is publicly available.
- Private Wallet: A self-custodied cryptocurrency wallet controlled by its owner via private keys, often separate from exchange-linked identities.
- Memecoin: A cryptocurrency inspired by internet memes, typically highly volatile and driven by community hype rather than fundamentals.