Whether the admins are into drugs (role playing, of course) or not, I'd like to think that they wouldn't willingly hand over personally identifying information of its user base. However, they can't withhold that info from LE if it is court ordered. It would be fantastic if Reddit adopted a warrant canary, but I imagine with as much info as LE takes from Reddit, the canary would constantly be dead.
Hopefully, anyone who is on LE's radar has the know-how to keep their "dirty" identity separated from any kind of connection to their IRL identities.
The method of keeping the two identities separate is referred to as "Siloing." If you run over to /r/privacy there will be lots of good information on keeping your different accounts' activities separate. This strategy to privacy will become increasingly more and more important as time goes along.
Also, if anyone has any good tips for siloing and maintaining separate identities, please feel free to share.
If there's one thing we've learned in the last few months, it's that we all have to take responsibility for our own safety.
Considering they removed the canary warrant they once had in place in the spring of last year, I would guess site-wide there is a steady stream of subpoenas being issued for reddit and other social media giants.
Does this necessarily mean that it is aimed directly at the DNMs and this sub? No.
I would speculate that with reddit, and it being a worldwide network, there is probably a much greater amount of terrorism-centered subpoenas than drug/fraud related.