No, not really. The pedophiles will get labeled pedophiles, the people who don't abuse children will be fine.
If we destroy the structures that allow this stuff to continue then we will have a chance at eradicating it. This is what Senator Nancy Schaefer was attempting to do before she was 'taken care of'. The only reason these people are able to get away with what they're doing is because they operate above the law, or from places where they are trusted to do the exact opposite of what they're doing.
Seems like you're in a bit of denial, and instead of looking at this honestly you're dismissing the evidence as "far right conspiracy theories". This is simply not the case. When viewing all the evidence together any sane non-partisan individual will agree that it needs to be investigated. Start by viewing the entire instagram page of Alefantis and then try and tell me that there is nothing suspicious going on with that guy.
You are correct that there is yet no solid evidence that they are going after the rich and wealthy, however pedo/trafficker arrests are accelerating at a noticeable rate, and the more low-level guys get snapped up the better chance they have at going after the elites. And what we have on our side is that this scandal has exposed this reality to a LOT of people and that number is growing. Eventually the demand for justice will grow to an extent that someone will be forced to act. Parents and average citizens will not stand for this shit much longer.