No, Magnetic hill is completely safe in fact, it is a must-try destination when in Ladakh.
The phenomenon of the Magnetic hill is nothing but an optical illusion. Due to which it looks like objects are moving upwards but in reality, the place is downhill causing the objects to ‘roll down’ instead of getting drawn towards the hill.
For more info read our blog https://www.hikerwolf.com/magnetic-hill-ladakh-complete-travel-guide/