Went looking to see how this character came to be, as I too, haven't seem them in like a literal decade.
https://knowyourmeme.com/memes/pedobear
Turns out it came from 2channel to warn about attention seekers and trolls. 4chan turned it into a pedophilia mascot. Of course they did.
No, you see it’s funny because no rational, well adjusted person would ever legitimately consider having any sort of sexual relations with a minor.
wild how many irrational, terribly adjusted people we have in positions of power though