PANews reported on February 26 that, according to on-chain detective ZachXBT, multiple employees of the cryptocurrency exchange Axiom Exchange allegedly exploited access control vulnerabilities in internal tools since early 2025 to view sensitive user information and track private wallet activity, suspected of engaging in insider trading. ZachXBT specifically named employee Broox Bauer as one of those involved.

Founded in 2024 by Mist and Cal, Axiom completed its Y Combinator incubation in the winter of 2025 and has become one of the most profitable companies in the field, generating over $390 million in revenue to date. ZachXBT stated that he was hired to investigate allegations of misconduct on the platform after receiving a whistleblower complaint.