No, honeytrap operations are specifically a intelligence operation where assets (manipulatable agents in a target business or country) are obtained by gaining blackmail through documentation of embarrassing or illicit sexual encounters.

Sometimes a trafficking ring is just for pedos to have sex ...and while that is really fucking horrible it isn't a honeytrap.

It’s both, but the honey trap provides both motivation for the traffickers and it means everyone involved should be considered compromised by foreign states. If it were only a pedo ring, it would be bad but that’s pretty much where the conspiracy would stop.

But with a verified honey trap, it needs to be assumed that the named people are now (and have been) acting on behalf of a hostile foreign nation who has mountains of blackmail on them. And reframing those implicated peoples’ motivations from “they’re just seeking power for themselves” to “they’re aiding a hostile foreign nation” shifts things from “selfish and power-hungry” to outright “high treason”.