Another thing that worries me is that you can pretty much direct email to anybody without their consent, no verification is required from their side. Dream work for spammers and scammers.
Well I can't tell in how many ways that can be harmful, but for example if Bob is tricked to click to the legit link from the website and enter his personal information, then I can change the alias to my own email, reset the password and have full access to Bob's verified account, so yeah, that's one big flaw IMO.