Anonymous wallets profit over $40,000 before Axiom insider trading exposé on Polymarket

Two anonymous wallets on Polymarket made significant gains just hours before an exposé accused Axiom Exchange staff of insider trading, raising questions about internal controls and market integrit...

Two anonymous wallets converted roughly $60,000 into more than $100,000 on the Polymarket prediction platform shortly before a high‑profile exposé accused Axiom Exchange employees of insider trading, public blockchain records and reporting show. According to on‑chain data, the accounts were created and funded within hours of the trades and exited positions after the market sharply re‑priced in the wake of the disclosure. (Forbes, Crypto.News)

The timing has prompted scrutiny because the wagers were placed about three hours before cryptocurrency investigator ZachXBT published a dossier alleging that Axiom staff improperly accessed private user information and used it to profit from trading. ZachXBT’s material includes leaked audio, screenshots and on‑chain traces that reporters and analysts have described as detailed and potentially revealing. (CryptoNews, Cryptobriefing)

The investigation singled out Broox Bauer, a senior business development employee, as a central figure alleged to have used internal dashboards to follow wallet activity beyond his remit. Forbes and other outlets report that the alleged misuse of internal tools coincided with rapid customer growth at Axiom, raising questions about controls as the firm scaled. (Forbes, CryptoBriefing)

Polymarket markets operate as openly accessible prediction venues where odds adjust to information. In this episode liquidity absorbed the large bets quickly and the market price for Axiom being named in the exposé moved markedly after publication, allowing the two wallets to realise substantial gains when they closed positions, according to transaction histories visible on‑chain and covered by market observers. (Coin360, Live Bitcoin News)

Axiom has acknowledged the allegations in media coverage and, according to several reports, revoked some employees’ access while initiating an internal review; the exchange’s rapid revenue expansion and governance lapses have been highlighted by analysts as factors that may have increased operational risk. Industry commentary has underlined the need for stricter internal controls and auditability at trading platforms handling sensitive data. (MEXC News, CryptoNews)

Observers cautioned that on‑chain links do not alone prove who was behind the Polymarket wagers, and full verification of whether insiders placed those bets would require internal logs and additional evidence. Nevertheless, the coincidence of newly created wallets, concentrated stakes and a narrow pre‑publication window has added another layer to regulatory and market concerns about information misuse in crypto ecosystems. (Cryptonews, Coin360)

Regulators and independent analysts are watching closely as reporting continues to unfold; enforcement actions have not been announced and public commentary from ZachXBT has so far focused on the investigative material rather than the prediction‑market activity. The episode illustrates how decentralised trading venues and transparent ledgers can intersect with questions about corporate controls and the flow of non‑public information. (Live Bitcoin News, Forbes)

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Source: Noah Wire Services