This release of the files always was going to be like this sure. That doesn't mean a release of the files wouldn't help. If they were released to a consortium of news organizations to do the redacting honestly to protect victims, and ongoing investigations is a moot point, it would free all of those people from the weight of blackmail.
At this point they are getting blackmailed from several directions simultaneously, not just Israel, the president's people, and whomever else. Releasing the files honestly would free them, putting the organization controlled by the chief villains in charge of redacting information about themselves was never going to work.