@satanicnemesis
Mass reports don't do anything unless you are actually hacking.
They don't go "oh well we have 20000 people reported this one guy HES OBVIOUSLY HACKING!!" - No they have to review it.
I had a guy say he and his 7k viewers he had on twitch reported me for hacking. I laughed at asked what hacks. He said when I shot him through the boat and killed him with wall hacks.
This is the beauty of it though. First he said he had 7k views. No one has that many views, especially a no name. Then I told him to report me again just to make sure he didn't mess up with the first report.
2 days later I messaged him and told him he must have not reported me right because I was still unbanned. Laughed at him some more for being a sore loser and being bad, then I sent him the clip of when he died.
I shot him in the water, then jumped in and shot him again. Yeah I shot him through the boat alright.
Moments like those are the exact reason why I don't believe players on the forums that scream hacker. "OH I GET HACKED EVERY DAY ALL DAY THEY ARE EVERYWHERE" - Hacks don't happen nearly as often as people think they do. It just doesn't but some players will believe any single time they die, its hacks.
You'll be fine man. It doesn't hurt your profile at all. The better you are at a game the more likely hood you are going to get reported for hacks.
Like @Galactic-Geek said, the more someone reports false reports the worse it is for them. They get put into the "cry wolf" pile.
SIDE NOTE The advantage is minimal :)