nah, people work with deep sea creatures all day and just find them cool.
it’d just make international relations with them extremely difficult, honestly district 9 is probably the most realistic take on how we’d treat aliens. We’d be sufficiently unable to empathize with them that we’d treat them like shit, but there’s no real reason to actively try to wipe them out.
the one huge and quite funny flaw with that idea is that queens have absolutely jackshit power over a colony, if anything the queen of a colony is basically a slave that gets constantly pampered and directed by the workers with no free will whatsoever.
If we met an alien hive-mind species it’d probably be much like interacting with a military, just much more tightly integrated and profoundly devoid of corruption, imagine HAL 9000 but made up of a million people working together to run the computations.
So they’d likely work tirelessly to figure out what precisely we are, if they determine we’re a threat they’d attack without mercy, and if they determine they can benefit from cooperation with us they’d be the best ally we could ever imagine albeit extremely manipulative.