Reddit mods fired over suspected MOON token insider trading
Moderators responsible for overseeing Reddit’s largest crypto forum have been fired amid allegations that they sold off the subreddit’s native MOON token minutes before the platform canceled its crypto rewards program. That’s according to CoinDesk and a message from the r/Cryptocurrency team that read, “All the moderators who sold Moons before the announcement have already been removed from the mod team.” MOON could previously be distributed, traded, or spent as part of Reddit’s blockchain-based community points program. However, it was announced last Tuesday that the program was to shut down by November 8. Reddit admins reportedly informed moderators in charge of the r/Cryptocurrency thread of the upcoming cancellation one hour before its announcement. Cryptosleuths claim that, within the hour, three moderators dumped their holdings before the news broke publicly . 1/ Three @CCMOD_ moderators dumped $MOON in advance via #inside information from @Reddit admins. pic.twitt...