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[–] Danbear 0 points 5 points (+5|-0) ago 

Atko, or someone who can officially represent the community needs to pre-emptively contact PayPal and report these actions.

"Hey guys, just want to let you know, we have reason to believe users of Reddit are trying to exploit your reporting policy to attack sites they don't like, ours being one. You might want to keep an eye on them and take their reports with a grain of salt."

If anything this kind of action could get Reddit in deep shit with PayPal.