The person who is reporting them should probably just be made a mod and I've suggested so in the past.
If he's that spot-on and is responsible for this many members getting banned, he not only should be made a mod but tapped for forum sainthood or something. I was wondering what was going on this past couple of days with so many new ban appeal threads in Meta. It was quiet for a bit and then suddenly exploded.
is it just a coincidence that this accounts are getting banned as bitcoin is experiencing some upward price trend
Yeah, probably just a coincidence but who knows. This forum tends to get very active when bitcoin starts up on one of its bull runs, and it gets a lot of noobs trying to join campaigns/bounties, trying to scam with loans, and a bunch of other shenanigans. I'm not sad that all these accounts got the boot. On the contrary, I hope the pace of banning them picks up.