New Wallets Earn $109,000 from Axiom Trades Before Insider Allegations

Blockchain investigator ZachXBT reports Axiom employees allegedly misused internal access for wallet data and insider trading, profiting $200,000, amid questions over recent suspicious token trades.

Summary

Blockchain investigator ZachXBT has accused several Axiom employees of exploiting internal system access to obtain private wallet data and engage in insider trading, netting $200,000. The report includes recordings, internal screenshots, and on-chain fund traces as evidence. These allegations follow Lookonchain findings that two newly created wallets made $109,000 in profits from Axiom tokens shortly before ZachXBT's public disclosure, fueling concerns about misconduct within the $390 million revenue blockchain firm.

Terms & Concepts
  • Wallet: A digital tool or address used to store and manage cryptocurrencies.
  • Insider trading: The illegal practice of trading assets based on non-public, material information.
  • Axiom: A blockchain project whose tokens were recently traded before insider allegations surfaced.