I've seen two versions, one has Lloyd as a WTS plant / double-agent. I think that is really fanciful, and not how they operate. Although IMO he has damaged the exJW community, I think that isn't anything todo with them or any plan by them.
There are many coincidences that lead a few to suspect Lloyd to be a "double-agent." A man that literally records everything including his vacations decides not to record his Judicial because he "has nothing to hide." He gets leaked videos that aren't available to anybody else. He angrily complained about protests and Kingdom Hall crashes. He weaponizes his audience against any person that dares to disagree with him. He defended whatever crimes the Russian branch is engaged in. He was next to useless in the England child abuse investigation. He filmed inside of Watchtower's headquarters while lesser known people like "Telltale" were stopped at the gate. Lloyd had his unkempt beard and greasy hair with no suit while Telltale was dressed like a JW. He also shot down the Freemason connection. He also ignores all proof of subliminal messages in Watchtower's artwork. What is worse, nobody needs to set through all those hours of rebuttal videos. All that does is reprogram people.
Are that many coincidences mathematically possible? Maybe, but it is certainly worth considering.