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Reddit removes moderators involved in alleged insider trading of MOON tokens

boss Exchanges, News

Reddit’s r/CryptoCurrency community has fired two moderators who were found to be involved in insider trading of the Moons (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.

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Reddit Community Removes Moderators Involved in Insider Trading of MOON

boss Bitcoin News, News

Roughly 30 minutes before the announcement, moderators, with the insider information of the impending news, sold 456,353 MOON, then worth $92,000, according to data tracked by onchain sleuth Lookonchain. Another large tranche of 363,227 MOON hit the market two minutes before the announcement, adding to the selling pressure. Source

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