IMHO, Reddit's charging such a high price for API access that it's as good as unattainable is more of a last straw then anything else. Reddit has been clear that they view the data as their sole property, when you think it through, why be a moderator for a for-profit company if you aren't being paid?
I don't know why it took this long for moderators to quit.
I don't know why it took this long for moderators to quit.