“In another incident, just 17 minutes before Reddit’s statement, moderator u/Rider_of_the_storm allegedly shifted 345,422 MOON, worth over $69,000 at the time, to an exchange address. The Reddit account in question has since been deactivated.”
Reddit told the r/CryptoCurrency moderators an hour before it killed community points. At least three of them sold first, one moving 345,422 MOON worth over $69,000 seventeen minutes before the post. The others found out when the price fell 22%. Crypto promised a fairer market than Wall Street and reinvented insider trading with a smaller audience.