I have not reviewed these specific allegations (random clickbait YouTube videos aren't reliable sources), but Honey has a history of doing unethical things.
I blocklisted them over a year ago after they continued tricking their users into installing a malicious filterlist.

https://github.com/hagezi/dns-blocklists/issues/4666

#Honey #PayPal #HoneyShopping

joinhoney.com · Issue #4666 · hagezi/dns-blocklists

Which domain(s) should be blocked? joinhoney.com Why should these domain(s) be blocked? https://www.reddit.com/r/LinusTechTips/comments/1hjmghm/so_honey_has_been_scamming_affiliate_links_video/ htt...

GitHub

Steven Black has blocked Honey on the basis of the same allegations.

https://github.com/StevenBlack/hosts/issues/2792

#Honey #StevenBlack #FilterlistUpdate

block joinhoney.com/ · Issue #2792 · StevenBlack/hosts

https://m.youtube.com/watch?v=vc4yL3YTwWk

GitHub