Your surmise is both practical and fuelled by a common sense approach, which by all account JF should have made this their prime objective.
Granted in theory this would have been the honourable road to take. Though, imo the veil that shrouds those who are actively engaged in this witch hunt, I’m sure they’d just view this as JF trying to buy their way out. In which case it would merely give them another excuse to fry JF.
Reiterating my personal view, what JF did directly, or other wise allowed to happen here is despicable & something not akin to the action of an integrity driven company actively involved in the online gaming industry, much less an eCogra seal holder.
Edited notes: Under the circumstance and with the belief that one set of rules should apply in these cases. I’ve been left with no choice but to remove all of JF casinos from my sites. (I’m currently addressing that process now). Further more I believe if I’m willing to blacklist 888 for basically the same reasons then I should also remove JF too. (Thankfully I use dreamweaver)