I have this 6 months old 5TB external hard drive. I started to experience a lot of I/O errors recently, so I backed up my data then used gparted to create a new partition table, a new main partition.
Then I ran the following code trying to see if it's a hardware problem :
sudo e2fsck -fcky /dev/sdc1
So far I have the following results : 
Checking for bad blocks (read-only test): 9.24% done, 11:44:51 elapsed. (8333/0/0 errors)
and I'm honestly kinda shocked, I didn't expect it to be this bad.
So I guess my question really is :
Is it possible to get false results from e2fsck based on wrong usage of the tool ? or are these results always proof that the hard disk is genuinely very damaged ?
Update : Here's the smartctl results :
smartctl 7.2 2020-12-30 r5155 [x86_64-linux-5.15.0-47-generic] (local build)
Copyright (C) 2002-20, Bruce Allen, Christian Franke, www.smartmontools.org
=== START OF INFORMATION SECTION ===
Device Model: WDC WD50NMZW-59BCBS0
Serial Number: WD-WXC2DA1269FR
LU WWN Device Id: 5 0014ee 2bf66ed54
Firmware Version: 01.01A01
User Capacity: 5.000.947.523.584 bytes [5,00 TB]
Sector Sizes: 512 bytes logical, 4096 bytes physical
Rotation Rate: 4800 rpm
Form Factor: 2.5 inches
TRIM Command: Available, deterministic
Device is: Not in smartctl database [for details use: -P showall]
ATA Version is: ACS-3 T13/2161-D revision 5
SATA Version is: SATA 3.1, 6.0 Gb/s (current: 6.0 Gb/s)
Local Time is: Sun Sep 11 12:26:06 2022 CEST
SMART support is: Available - device has SMART capability.
SMART support is: Enabled
=== START OF READ SMART DATA SECTION ===
SMART overall-health self-assessment test result: FAILED!
Drive failure expected in less than 24 hours. SAVE ALL DATA.
See vendor-specific Attribute list for failed Attributes.
General SMART Values:
Offline data collection status: (0x00) Offline data collection activity
was never started.
Auto Offline Data Collection: Disabled.
Self-test execution status: ( 73) The previous self-test completed having
a test element that failed and the test
element that failed is not known.
Total time to complete Offline
data collection: (12480) seconds.
Offline data collection
capabilities: (0x1b) SMART execute Offline immediate.
Auto Offline data collection on/off support.
Suspend Offline collection upon new
command.
Offline surface scan supported.
Self-test supported.
No Conveyance Self-test supported.
No Selective Self-test supported.
SMART capabilities: (0x0003) Saves SMART data before entering
power-saving mode.
Supports SMART auto save timer.
Error logging capability: (0x01) Error logging supported.
General Purpose Logging supported.
Short self-test routine
recommended polling time: ( 2) minutes.
Extended self-test routine
recommended polling time: ( 530) minutes.
SCT capabilities: (0x30b5) SCT Status supported.
SCT Feature Control supported.
SCT Data Table supported.
SMART Attributes Data Structure revision number: 16
Vendor Specific SMART Attributes with Thresholds:
ID# ATTRIBUTE_NAME FLAG VALUE WORST THRESH TYPE UPDATED WHEN_FAILED RAW_VALUE
1 Raw_Read_Error_Rate 0x002f 001 001 051 Pre-fail Always FAILING_NOW 48799
3 Spin_Up_Time 0x0027 253 253 021 Pre-fail Always - 2875
4 Start_Stop_Count 0x0032 099 099 000 Old_age Always - 1290
5 Reallocated_Sector_Ct 0x0033 185 185 140 Pre-fail Always - 30664
7 Seek_Error_Rate 0x002e 198 195 000 Old_age Always - 899
9 Power_On_Hours 0x0032 095 095 000 Old_age Always - 3812
10 Spin_Retry_Count 0x0032 100 100 000 Old_age Always - 0
11 Calibration_Retry_Count 0x0032 100 253 000 Old_age Always - 0
12 Power_Cycle_Count 0x0032 100 100 000 Old_age Always - 32
192 Power-Off_Retract_Count 0x0032 200 200 000 Old_age Always - 27
193 Load_Cycle_Count 0x0032 194 194 000 Old_age Always - 20670
194 Temperature_Celsius 0x0022 100 094 000 Old_age Always - 52
196 Reallocated_Event_Count 0x0032 001 001 000 Old_age Always - 1543
197 Current_Pending_Sector 0x0032 200 200 000 Old_age Always - 93
198 Offline_Uncorrectable 0x0030 100 253 000 Old_age Offline - 0
199 UDMA_CRC_Error_Count 0x0032 200 200 000 Old_age Always - 0
200 Multi_Zone_Error_Rate 0x0008 100 253 000 Old_age Offline - 0
SMART Error Log Version: 1
No Errors Logged
SMART Self-test log structure revision number 1
Num Test_Description Status Remaining LifeTime(hours) LBA_of_first_error
# 1 Short offline Completed: unknown failure 90% 3792 -
# 2 Short offline Completed: unknown failure 90% 3792 -
# 3 Short offline Completed: unknown failure 90% 3792 -
Selective Self-tests/Logging not supported