From the privacy policy:
"Personal information used for the ongoing relationship between you and PayPal Honey is stored for the duration of the relationship plus a period of 10 years"

I'm sorry, WHAT? A DECADE? Anyway yeah they were busted cheating people on affiliate links and just giving out old and outdated coupon codes (if it worked at all). Somehow influencers were involved too? Read the reviews on Google Play Store, they are savage.
And yeah, if it seems too good to be true... it probably is.