At the time of the announcement, the moderators of most of the subreddits involved with the community points program claimed to be unaware of the decision.
Summary: Reddit warns mods that it’s ending its crypto program, before it warns the other users. What could go wrong? /s
So basically they dumped mods and admins moons before cancelling them? Of course they did.
Some mods formed pretty tight relationships with admins. It’s most likely a “hey dude don’t come to school tomorrow” type of thing