I'd say definitely the second one, this is a cover up for an exfiltration, also decodingsymbolism blog not long ago decoded some tweets from him where he was apparently asking for help to 'switch side'

Plus, the man was not an idiot, he accumulated tons of blackmail data for decades, probably even more than what was in the Epstein hidden safe, being smart in the IT, copy of that data almost surely is replicated and redundant around the world, and seen the type of person he may even have not trustees but an AI reading news waiting for his 'death' sentiment to trigger the surprise, that would throw a shitload of stuffs out and would have been made by a ' dead man ', so no way to link it back to white hats or anyone else... guess we have to warm up the popcorns and wait for the next episode :D

EDIT: https://greatawakening.win/p/12j0RFWVZo/hrc-email-servers-had-mcafee-av-/c/ if true, this confirms my suspects