Mods are not paid by Reddit, admins are paid but I think that some admins are also modding a few subs.

The r/cryptocurrency mods were paid by Reddit in their cryptocurrency called "moons" which can be traded for cash.

I'm conspiratorial enough to believe that some of the power mods are being paid, but not by reddit.

I've wondered for a while if reddit powermod /u/MaxwellHill isn't actually Ghislaine Maxwell (who apparently had some kind of association with former Reddit CEO Pao).

Reddit would be a great place to run interference AND a place for her to find troubled kids for "recruitment".

https://www.reddit.com/r/conspiracy/comments/r45a5n/here_is_...

There are mods that are paid, for example mods that run a company subreddit.

But, I am also sceptical about transparency of mods of large subreddit, ie the powermods.