Earlier quoted context omitted.
Genuine question: why? I thought people in many long-living cultures often cook with high temperature oil, and not just the street food wok cooking. There is bad chemistry that can happen with other food components at high temperatures but what is the problem with oil itself?
At too high a temperature oil will smoke and burn, leaving toxic components in both the oil and in the air. My point is that the temperature necessary to cause this oil toxicity, is lower than what you need to make Teflon toxic. Teflon becomes toxic at temperature FAR above any cooking process (unless you eat charcoal). i.e. if you cook normally and don't burn things Teflon is obviously fine, if you do burn things yo…
And you don't even have to forget about the pan. Just setting the stove to high temperature when the pan is cold can quickly create superheated spots due to the way induction works (the temperature sensor is hidden and so it "lags" a bit).
Obviously, if you're careful, always start with a low power, wait for the pan (and stove top) to heat up, then gradually increase power, you'll be fine.
With a stainless stell pan, the worse that could happen is the bottom of the pan might warp. But there is no toxic hazard.