In the EU companies can’t scrape personally identifiable information without consent, even if it’s already publicly available. IANAL, and there’s probably ways they can sneak around the GDPR, but at least it’s not a free for all. It’s unclear though how it works for federation. It’s definitely not the same legally though.
Other people in that thread have pointed out that it isn’t showing posts being delivered to Threads despite the block. That should be testable with other instances, but not Threads since it’s not receiving any content from Mastodon at the moment. The concerning thing there is the user still being able to view content from people they’ve blocked, but that seems to be a bug if it’s reproducible.