Key Takeaways
- ZachXBT says a senior worker at Axiom Exchange may have used secret tools to see private user data. He claims the worker tracked wallet addresses and watched traders buy memecoins early.
- The goal may have been to earn money before prices went up. Audio clips and screenshots were shared as proof.
- Some traders said the wallet details were correct. Axiom said it feels shocked and disappointed.
- The company removed tool access and started an internal check. Now, many users worry about privacy, trust, and fairness in crypto trading platforms.
“DATA PEEK, PROFITS LEAK, DID INSIDERS TRADE BEFORE THE TWEET?”
Why are people worried after ZachXBT spoke about insider trading? After Axiom Exchange said it was “shocked,” a $40M bet storm hit Polymarket and 12 wallets made $1M+ before the news broke, claims ZachXBT.
Blockchain investigator ZachXBT has raised serious concerns about possible insider misconduct at Axiom Exchange. He said a senior employee may have used private company tools to look at user data and track wallet activity without permission.
How A Worker At Axiom Exchange Watched Traders’ Moves
ZachXBT stated in a post on X that the worker looked for wallet addresses, referral codes, and user IDs using internal dashboards. He said that the employee and a small group were able to keep an eye on trades made by prominent cryptocurrency dealers thanks to this knowledge.
He claimed that the intention was to observe when these traders purchased memecoins before discussing them in public.
Digital tokens known as memecoins can gain popularity quickly. Price increases might occur when influencers discuss them. ZachXBT thinks that by monitoring secret wallets, the group might purchase tokens ahead of time and potentially turn a profit before the values rise.
Company Promises Action After Insider Claims
Additionally, he posted audio tapes of someone claiming to be an employee claiming to be able to track “any Axiom user” and gradually increase activity so it wouldn’t appear strange.
According to ZachXBT, screenshots revealed private wallet information associated with certain dealers. According to reports, some of the merchants included in the study attested to the accuracy of the wallet details.
On X, Axiom Exchange replied. The claims, according to the firm, “shocked and disappointed” it. It claimed to have taken away access to the relevant internal tools. Additionally, the business pledged to look into the situation more thoroughly and deal with anyone who violated the regulations.
Axiom stated that it always strives to put users first and that the acts outlined do not reflect company principles.
Conclusion
Are cryptocurrency companies legitimate? This story highlights the significance of honesty and safety. According to Axiom Exchange, it will examine everything and penalise rule violators. ZachXBT advises consumers to be vigilant and safeguard their wallets.
Crypto is quick and enjoyable, but it must also be equitable. Businesses need to protect user data. Rules must be adhered to by employees. Questions must be asked by users. When everyone behaves appropriately, trust increases.
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