Blockchain researcher Zack XBT has alleged that several employees of Axiom, a non-custodial trading platform supported by Y Combinator, are involved in trading activities based on insider information. Insider trading refers to the illicit use of confidential information by individuals within a company or platform to gain unfair advantage. Axiom provides users with direct and secure blockchain trading services without taking custody of their cryptocurrencies, a model that has gained popularity by allowing users full control over their assets. These allegations pose a significant threat to transparency and trust in the cryptocurrency market, potentially damaging investor confidence and leading to legal consequences if proven. Insider trading issues are not new to the crypto sector, and similar complaints have arisen on various platforms before. Investigations in this area are often complex due to the specialized expertise required to analyze blockchain transactions. Further details and possible legal actions are expected, which could have important implications for Axiom’s future and the broader crypto trading environment.
Source: decrypt
