ZachXBT Accuses Axiom Employees of Insider Trading, $400K Profit Linked to Polymarket Trades

ZachXBT Accuses Axiom Employees of Insider Trading, $400K Profit Linked to Polymarket Trades

ZachXBT reveals that multiple Axiom employees seemingly profited from Polymarket trades by leveraging internal data, with significant wallet connections and involvement in Gorilla Capital's token trading.

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Fact Check
Multiple independent and credible news outlets with high authority levels (The Block, Crypto News, CoinDesk, and Yahoo Finance) consistently report that ZachXBT publicly accused employees of Axiom of engaging in insider trading. The descriptions across these reports explicitly link the alleged insider trading to activity on Polymarket. Furthermore, credible coverage (Cointelegraph via TradingView) mentions that a Polymarket user gained approximately $400,000 as a result of betting related to ZachXBT's investigation into Axiom employees. While some sources focus on the volume and context rather than exact profit amounts, the reported figure of $400,000 appears directly tied to trades connected to the insider trading allegations. There are no significant contradictions in the sources, and all relevant reports corroborate the key components of the statement: public accusations by ZachXBT, involvement of Axiom employees, insider trading allegations tied to Polymarket activity, and profits around $400,000. The consistent alignment of facts across authoritative and relevant sources supports a high-confidence assessment that the statement is likely true.
Summary

On February 26, blockchain investigator ZachXBT accused multiple Axiom employees of insider trading, using internal data to profit from Polymarket trades. The trader 'predictorxyz' reportedly earned over $400,000. The wallets involved are connected to Gorilla Capital’s Pump.fun token. Axiom, a key player in Solana bot trading, controls 57.4% of the market, well ahead of Terminal's 9.9%.

Terms & Concepts
  • Polymarket: A decentralized prediction market platform where users can place bets on various events and outcomes using cryptocurrency.
  • Solana trading bot: An automated trading system designed to buy and sell assets on the Solana blockchain based on predefined criteria or algorithms.
  • Pump.fun token: A cryptocurrency token associated with Gorilla Capital, often involved in high-risk speculative trading.