ZachXBT Teases Insider-Trading Exposé on Top Crypto Firm as Prediction Market Bets on Meteora, Pump.fun

ZachXBT has long used onchain fund flows to investigate crypto fraud and insider trading, with his public findings often affecting the reputations of projects involved and their token prices. Although the subject of this investigation has not been disclosed, it has already attracted heavy wagering on prediction market Polymarket. The betting has also raised fairness concerns over whether some participants possess nonpublic information.

ZachXBT is expected to release a major insider-trading investigation on February 26. Nearly $3 million has been wagered on Polymarket contracts speculating about which organization will be exposed, with Solana ecosystem project Meteora currently carrying the highest odds. Recent reporting also said suspected insider wallets had wagered that Axiom would be the subject of the investigation, building positions worth $1.2 million.

Polymarket allows users to wager crypto assets on event outcomes. Although its onchain transactions are publicly visible, the offshore platform does not require identity verification. After onchain investigator ZachXBT said he would expose insider trading at a crypto company, a market opened for users to guess the company’s identity. Ironically, advance information may itself have leaked in the market betting on an insider-trading investigation.

On Feb. 26, 2026, ZachXBT identified Axiom as the subject of the investigation, alleging that its employees may have misused internal tools to track users’ wallets. The prediction market had recorded about $40 million in trading volume since Feb. 23. Lookonchain found that at least 12 newly created wallets had bet on Axiom in advance, earning more than $1 million in total, including $411,000 for one wallet. Axiom has revoked the relevant access and is investigating a possible leak.

Axiom Exchange is a non-custodial onchain trading platform founded in 2024 and selected for Y Combinator's Winter 2025 batch. According to ZachXBT, it has generated more than $390 million in cumulative revenue. The case raises questions about whether the platform adequately restricted employee access to users' wallet data, with implications for trading fairness and privacy.

ZachXBT alleged on February 26, 2026, that Broox Bauer, a senior business development employee at Axiom, had used internal tools to track private wallets since early 2025, initially targeting about 10 to 20 addresses. The evidence cited included backend screenshots from April and August 2025. Axiom has revoked access to the tools and launched an investigation. The allegations have not been independently verified.

ZachXBT, a crypto investigator known for tracing on-chain fund flows, has exposed numerous scams and hacking incidents. His latest investigation targets several employees at what he described as one of the crypto industry's most profitable companies. They are suspected of having traded on nonpublic information over an extended period, raising questions about the company's internal controls, management of conflicts of interest and market fairness.

ZachXBT said he would release the full report on Feb. 26 but has yet to disclose the company's name, the number of people involved, the trading period or the sums at issue. Bettors on Polymarket briefly identified Meteora as a possible target, prompting questions about whether the information had influenced the prediction market. ZachXBT responded that some information inevitably circulated during interviews with multiple parties.