But that's a pretty serious escalation.
Consider this scenario:
Alice: This code is retarded.
Bob: Mod action! Two day ban for saying a slur.
Alice: Lol no.
That's pretty trivial, but how do you escalate from there to mass resignation with none of the fight leaking?
There is one other theory going around.
One of the core team is a feminist of the sort that like to post "kill all men".
In theory, this is against the code of conduct.