Earlier quoted context omitted.
The circuitry can't be that complex. Meaning the likelihood of a bug being pretty low. I mean come on, it's a wire attached to the camera power source with a resistor and a LED.
How do you know? How do you know how the LED is implemented?
There are innumerable things I take for granted. Sure, I assume Ifixit isn’t a CIA front and their tear downs fairly accurately represent what ships to the customer. Barring hopeless threat models, the light is a decent trade off.