Blockchain investigator ZachXBT has accused a senior employee at trading platform Axiom of abusing internal tools to access private user wallet data and potentially profit from it

In a detailed thread, he alleged that the employee used internal dashboards to look up wallet addresses tied to specific users and shared that information with a small group tracking high profile traders, particularly those active in memecoins.

According to the report, screenshots of internal data were circulated and several individuals named in the material confirmed that the wallet details were accurate. ZachXBT said he was retained to independently investigate the claims, though he did not disclose by whom. He cautioned that proving specific insider trades would require access to Axiom’s internal logs.

This story is an excerpt from the Unchained Daily newsletter.

Subscribe here to get these updates in your email for free

Axiom said it was surprised and disappointed by the allegations, removed employee access to the tools in question and pledged a full investigation.

The episode adds to growing scrutiny around data access and trading ethics in crypto, where transparency onchain does not always extend to internal platform controls.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.