- Reddit r/CryptoCurrency community has removed moderators involved in insider trading of MOON tokens.
- The moderators have been accused of selling MOON tokens moments before Reddit announced to end its Community Points program.
- The three moderators sold 819,580 MOON tokens worth over $151,000.
Recent events within the r/CryptoCurrency Reddit community have prompted a swift response to address concerns related to insider trading. In a statement from the subreddit’s crypto community, they confirmed that all moderators who sold MOONs before their announcement regarding the discontinuation of their Community Points program have been removed from their positions and the group.
This situation began to unfold six days ago, on October 17, when Reddit made an announcement about discontinuing its blockchain-based Community Points program due to scalability issues. “At that point, you’ll also no longer see Points in your Reddit Vault nor earn any more Points in your communities,” Reddit announced to its r/CryptoCurrency community.
Apparently, it wasn’t the program’s discontinuation that grabbed everyone’s attention. Allegations have arisen surrounding Reddit mode…
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