It’s been a brutal week for crypto’s credibility, courtesy of three insider #trading stories that surfaced recently. Different players, team members of a Solana-based #trading terminal, a Wall Street titan, and users of a regulated #prediction market. All three remind us that the industry’s oldest problem is quite a way from being solved. Let’s break them down. 1️⃣ The ZachXBT x Axiom Exposé On-chain sleuth ZachXBT released an investigative report alleging that employees at Axiom, a Solana-based exchange, abused internal dashboards to spy on user wallets and trade on that data. ⚠️ The Allegation: Employees could look up users by wallet, referral code, or UID - exposing full wallet histories and linked addresses. That information was allegedly used to mirror trades and front-run activity. #crypto
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🔍 Crypto’s Insider #Trading Problem 🔍
It’s been a brutal week for crypto’s credibility, courtesy of three insider #trading stories that surfaced recently. Different players, team members of a Solana-based #trading terminal, a Wall Street titan, and users of a regulated #prediction market. All three remind us that the industry’s oldest problem is quite a way from being solved. Let’s break them down. 1️⃣ The ZachXBT x Axiom Exposé
On-chain sleuth ZachXBT released an investigative report alleging that employees at Axiom, a Solana-based exchange, abused internal dashboards to spy on user wallets and trade on that data. ⚠️ The Allegation: Employees could look up users by wallet, referral code, or UID - exposing full wallet histories and linked addresses. That information was allegedly used to mirror trades and front-run activity. #crypto