If you download fake app, reading ToS inside the fake app won't save you from getting scammed or hacked. Thief who create the fake app can just copy-paste ToS from real app.
Yeah it won't save them because whatever things they do they end up as a victim of those criminals spreading those fake apps. So if they don't want to have any problems related to scams or hacking, much better for people to look for legitimate source then download those apps that they want.
Yes I do read the Terms and Conditions. In the worst case, I will read as fast as I can skipping words or sentences here and there if I really have to quickly move through them. But that has rarely ever happened. People got very used to agreeing to Terms and Conditions with out reading them and even in real life when physical documents are served for signature they do the same. Signing with out reading a single word. Which is a REALLY BAD habit to have. Read it or stop complaining after wards that you do not like some thing!
Out of curiosity, do you also read ToS when register or use less important website (such as entertainment website)? Sometimes i use website such as
https://tosdr.org/en,
https://terms.law/ToS-Watchdog/ or ask chatbot to point out red flag on copy-pasted ToS for such less important website.
The problem with other people is they don't pay much attention on what they think less important sites or platform.
That's why they missed those irregularities like force arbitration, excessive or to much collecting of data and worst the common one those hidden fees charge to their users. That's why even if we know the platform is not posses risk to us, we better spend some time reading their TOS to know all those things we need to learn from them. I'm not comfortable with the assessments provided by bots. Because sometimes they missed some details which also important for us to learn.