looking at the side that may pose a threat to HIVE itself
There is no such side. Well, the bad publicity for the Hive trademark does not help. But at the time of the crash, HIVE as a coin is fine (read: no extra pressure compared to if HBD did not exist). When the sky falls, only HBD holders are at loss (getting only a fraction of a dollar worth of HIVE if they decide to liquidate).