Yeah, most likely the rivets holding the handle on to the pan are what fail

Second the thrift store stainless steel and cast iron and have an induction cooktop. Much more economical than a brand new top of the line cookware. They still last a good amount of time (haven’t had one fail yet) and IF they fail, replacing with another thrift store pan is also pretty inexpensive.

Just bring a magnet to the store with you. If it sticks to the bottom then it’ll work with induction