Yes, that's true. The Fediverse is also susceptible to manipulation. That's why I'm not a fan of broad rules such as "no politics" in the largest communities, as their breadth would make it easy to buy off a few moderators, which shouldn't be a problem at all if you have even a little capital.
Nevertheless, traditional journalism is dead because its business model is simply no longer financially viable today. Investigative journalism is very expensive and, with the loss of advertising revenue (wnet to search engines and mainstream social media apps), it is simply an impossible business model today. In fact, most of the traditional media today is run at a loss by billionaires like Bezos (Washington Post, among others).
I'm not saying that the Fediverse is a promise of salvation. I'm just saying that it's the only option left.
The internet as such was originally designed to be decentralized, but it was taken over by big capital, for which we are now being presented with the bill in all the remaining democracies of the world.
In my opinion, the only response can be to do everything possible to return to decentralization, in order to at least put obstacles in the way of the powerful of this world.
I suspect that child abuse in these circles is something like murder or other serious crimes for less influential forms of organized crime like the classical mob (Cosa Nostra and so on): these heinous crimes serve as proof of loyalty and at the same time as a bargaining chip that the mob boss can use against his "soldiers." That would explain why there are disproportionately more pedophiles in the GOP, for example. That may not be the only reason, but pedophilia is clearly the common denominator among those who support the authoritarian-fascist regime in the US.
In any case, Epstein was also obviously used by Mossad to collect blackmail material against influential people.
It seems to me, especially given the proximity of the US regime to the equally fascist Israel, that this is a fundamental strategy to prevent co-conspirators from going public with their knowledge.