A fully discharged lithium cobalt cell is not dangerous, but a charged or charging one is.
Never charge lithium cobalt batteries anywhere you would not intentionally set a fire. The oven will do. Never charge lithium cobalt cells without someone present at all times with a fire extinguisher.
Don't scrape a charged lithium battery or chop it with an axe.
((Lithium cobalt (LiCo) is often referred to as Li-Po or Li-poly because the layers are separated by polymer (plastic), but not all cells constructed in this way are Lithium cobalt chemistry.
LiFePO4 is also a pouch type cell with polymer separators and could just as correctly be called Li-Po if you wanted to be a confusing, pedantic SoB.))
18650 cells have a much more dangerous mode of failure. Instead of an intense fireball like lithium cobalt, they build up pressure until they explode violently with shards of burning metal casing going everywhere.
But they are tougher and a lot less likely to "go pyro" than lithium cobalt pouches.
LiFePO4 chemistry is safer than the other two mentioned above (as far as I have read so far) and has good cycle life but lower energy density.
Lithium batteries, generally, or taken together as a class of batteries, are statistically much, much safer than petrol.
I will either build a custom battery with 18650 cells and a no-weld no-solder kit (Vruzend) and a decent BMS,
or I'll buy a large battery made with LIFEPO4 (lithium iron phosphate) pouches and a BMS, then carefully split the battery into two parts (while fully discharged to its BMS's low voltage cut-off point, just in case) and extend the wires to make it two pieces connected by wires so its possible to mount each half on either side of the bike frame.
I don't really want LiCo on my bike next to all the petrol, and needing to recharge with the battery mounted on the bike. (my peculiar requirements)