I've talked about this before, but anyone hoping he will admit to this is extremely optimistic. It will never be worth his while to admit that it was him. That said, he may in 5 years broadly refer to this as 'inappropriate spending' or something equally stupid (assuming he is alive). There's absolutely no way his current mods are not aware, and I suspect he deliberately culled some that he didn't totally trust with this (Pops, Kekon), and brought back one who had an opportunity to rat on him and did not (Swagginz). To admit to it, there would need to be some tangible gain, and protection from any fallout.
The problem with the fallout is that this is not just him lying to his fans. He does that on the daily, very obviously, and they don't care. It's that this one crosses a few really problematic lines:
1 - Twitch has a distinct rule against feigning distress for money, and has come down on him for even using the term 'fundraising' inappropriately. If Phil admits to this, it could actually result in a ban as it would be confirming that he has feigned distress for paying bills and taxes for years, while recklessly spending on an addiction. I think that would actually tip him over the line in terms of profit/liability.
2 - This confirms bankruptcy fraud. I've said before, I doubt there would be legal action, but this would become a massive meme that he would not be able to run from. There is no way that he could have got the bankruptcy if this were true and properly disclosed, so he would be an actual criminal.
3 - It would completely validate detractor digging. With how hard Phil stands on the Escort Saga as definitive proof that detractors concoct conspiracies, if he actually admitted to something on this scale, even if he didn't lose paypigs, people would know that the Farms is a better source for Phil's reality than Phil. He can't afford to take this kind of L, but he also really can't afford to give detractors a W this big.
4 - Phil, this one is for you buddy. He's a massive bitch who will run from this not just because it's an embarrassing and hypocritical addiction, or because it shows that he is a mewling baby that had to lie to a trustee and pray she believed him, but because it's the truth. And if there is one thing Phil Burnell cannot abide, it is the honest truth.
One final note, if he addresses this, there will also be the question of if it has stopped. And we all know the answer to that is 'no'. And with the money he expects to make monthly in the era of the vest streak and IcedCoffee, I guarantee you his already whaling in other mobile games. Not admitting to it means that when we find another whale account, he can just continue to deny.
The holy grail of this saga isn't going to be the admission. It's the saga itself. This solved the riddle of Phil's money problems for at least the last 5 years. They are his fault, he is a scammer, he is severely retarded, we have the receipts to back that up, and even if Phil won't admit it, he knows we know this. Plus Nigel fucked up his $40k 'investment'.