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.
Related Articles
DeFi High-Yield Scam Triggers Corporate Crisis! Former CFO Sentenced to 2 Years for Embezzling 35 Million
Former Chief Financial Officer Shetty of a private software company in Washington State was sentenced to two years in prison for secretly embezzling $35 million of company funds to invest in high-risk DeFi projects. His actions led to approximately 60 employees losing their jobs and caused nearly all funds to evaporate due to the Terra collapse. The court ordered Shetty to compensate the company for the losses and to undergo three years of supervision. This incident highlights the need for strengthened regulation of crypto investments.
MarketWhisper6m ago
Research indicates that the transition to post-quantum cryptography could render encryption exchange wallet architectures ineffective
Project Eleven's latest research indicates that under post-quantum cryptography, the current address generation methods used by encrypted exchanges may become invalid. The study shows that systems relying on hierarchical deterministic wallets cannot operate under the new standards, and exchanges will be unable to generate new addresses from public keys.
GateNews10m ago
Quantum computing impacts the security of encrypted wallets? Research suggests post-quantum cryptography may force trading platforms to rebuild wallet systems
With the development of quantum computing technology, blockchain security faces challenges. Currently, mainstream layered deterministic wallets may become ineffective in post-quantum cryptography, forcing custodial institutions to reconstruct their security models. Researchers have proposed new wallet architecture prototypes to adapt to the post-quantum environment, maintain private key security, and generate new public keys to ensure system stability.
GateNews15m ago
Flow Foundation Files Emergency Lawsuit to Prevent Delisting in Korea! FLOW Token Plunges 75%
Flow Foundation has applied to the Korean court to suspend the delisting plans of major exchanges for FLOW tokens, citing that other global exchanges have resumed support after the incident. The security breach caused a 75% drop in the FLOW token's value, impacting its market supply and reputation, although the token remains tradable on other markets. If the court application fails, it could affect FLOW's liquidity in South Korea.
MarketWhisper28m ago
Infiltrating iPhones to Steal Cryptocurrency! The Attack Suite "Coruna" Ravages, Old iOS Versions at Risk of Being Lambs
Coruna is a malicious surveillance tool for iPhone, initially provided by surveillance vendors to the government, and later exploited by hackers to plunder cryptocurrency assets. This tool exploits 23 vulnerabilities to conduct covert attacks, automatically identifying iOS versions and extracting sensitive information from victims. As it becomes commercialized, ordinary users face serious threats. Experts recommend users regularly update their systems and use hardware wallets to protect their assets.
区块客47m ago
SlowMist CISO warns that the USB version of OpenClaw poses security risks
Gate News Announcement, March 9 — SlowMist CISO 23pds (Brother Shan) posted on the X platform to warn that U disk versions of the OpenClaw product have appeared on platforms like Taobao and Xianyu. Sellers claim that users can simply plug and play after purchasing and configuring the model. However, 23pds pointed out that OpenClaw has excessive permissions, making it difficult for ordinary users to identify malicious Skills. Using such products can easily lead to asset loss.
GateNews2h ago
