Aren't extensions written in JavaScript? That alone sounds like it'd make it pretty easy to examine and remove any "unwanted functionality" from one, or to show that it's doing something it shouldn't be. It only takes one knowledgeable user to find out and spread the news... As an aside, I'm surprised at how willing most users seem to be to install any software, be it browser extensions or random apps on their phones…
Minified and obfuscated Javascript is not much easier to check than binary files and more difficult than e.g Java class files, at least without ProGuard.