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The most interesting part of this personally is the murky nature of “hosting” in the fediverse. This sort of thing could happen, bit I think it’s likely to lead to defederation. Content is easily argued as being “hosted” on any instance where that content ends up getting viewed. As such, anything of dubious legality is a surefire way to have site admins refuse to associate with you.
I go with New personally, though I don’t subscribe to all that much - I imagine that it would be a bit less pleasant if you’re on a hundred different communities.