Just because the user agrees to Honeys T&C does not mean the user has the right to share the coupon in that manner. The coupon originating company did not give the user the coupon with permission to share.
If it was a printed coupon and photocopied it would be obviously illegal, I’m not sure how the digital equivalent would not be illegal. If such a coupon was publicly available then it would be like if honey went and fetched you a new coupon instead of copying an existing one.
Even if the user says they have the right it doesn’t mean they do, and at what point does it become handling stolen goods. Consider a scrap dealer accepting a clearly stolen catalytic converter, would that still be illegal if the scrap dealer did not pay for it? How ‘clearly stolen’ would it have to be to be illegal. What is a reasonable amount of verification?