Reddit removes moderators involved in alleged insider trading of Moon tokens

Reddit’s r/Cryptocurrency community has fired two moderators who were found to be involved in insider trading of the Moon token, Cointelegraph has confirmed.

As Cointelegraph reported on Oct. 20, at least three wallets linked to Reddit group moderators dumped hundreds of thousands of dollars worth of Moon tokens on Oct. 18, just minutes before the official announcement of the closure of the blockchain-based points program that involved the use of certain cryptocurrencies native to each community. The market dump by the three wallets was highlighted by on-chain analysis accounts on X (formerly Twitter) such as Lookonchain.

1/ Three @CCMOD_ moderators dumped $MOON in advance via #inside…

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