So the lore goes. I never interacted with this - or any power mod on reddit - so I can't speak from personal experience.
The point I'm getting at though - reddit wants cooperative mods who would have gone along with the new rules.
This powermod was likely one of those folks, who didn't support the protests or blackouts, and seems to have just got taken out in the crossfire.
Furthermore it's revealed that this powermod claims to have had a connection to reddit admins.
So basically if this person's connections couldn't save their account, especially this kind of mod that reddit would likely have wanted to keep, it shows how powerless even reddit admins are over corporate. (A lot of us here might have already known this, but even so.)
reddit is really shooting themselves in the foot here, blindly kicking out not only protesters but folks who might have gone on to be great loyalists.