holy shit.
$390 million in revenue. built in less than 2 years.
$300M hit in 263 days.. thats btw faster than pump. fun (326 days), Photon (378 days), Phantom (423 days).
probably fastest crypto app ever that too during a sideways market.
tbh even when i first saw those numbers i thought okay, crazy product, great execution.
but after reading this ZachXBT thread..
turns out employees had access to every private wallet on the platform.
not just their own users. every KOL, every whale, every trader who ever touched axiom.
wallet address. linked accounts. transaction history. all of it. sitting in an internal dashboard. accessible to the BD team.
think about what that means for a second.
a whale buys $1M of a shitcoin from a private wallet before calling it publicly.
you see it before anyone. you buy ahead. price pumps 20%. that’s $200K on one trade.
do that 10 times a week and you’re printing $2M. do it for a year with a team of people and you’re talking hundreds of millions.
axiom made $390M total.
wonder how much of that was legitimate fees vs employees front running their own users?
genuinely no idea. that’s the terrifying part.
what kills me is the wrapper.
YC backed. silicon valley approved. proper company structure. great PR. founders who looked the part.
clean. legitimate. trusted.
and they were doing the exact same thing ftx did.. employees with special access, no oversight, farming retail with inside information.
> coinbase employees caught insider trading ahead of token listings.
> binance leaking user positions to market makers.
> ftx giving alameda special accounts with no liquidations.
every major platform. same pattern. different faces. the game is simple:
build the infrastructure. give employees access to everything. let them extract value quietly. collect fees on top.
axiom just got caught. thanks to ZachXBT i wonder how many more are there .
1/ Meet
@WheresBroox (Broox Bauer), one of the multiple
@AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025.