Dry powder is not a breeding ground at all. Dry powder isn't particularly bacteria friendly. The issue is that it's impossible to sterilise, which means that IF it has become contaminated, which is quite rare at the factory level but does happen, the bacteria will be present and dormant, basically.
You then open the risk of introducing new bacteria into the powder every time you open the lid, which of course is unavoidable, but in a clean kitchen it's a very small risk. But then there is the possibility for more serious contamination which could happen without even thinking - putting the lid down on a work surface where raw chicken has dripped unnoticed, for example, or a child has sneezed and not thought to clean. If you do not wash hands before preparing formula, you can shed skin cells into the tin which may have contaminant germs on them from a public bathroom, contact with other people with viruses, bugs related to raw food prep, etc. Same issue with using a scoop or knife which has not been sterilised. (In theory, if you keep the scoop in the tub, you shouldn't need to sterilise it, but you shouldn't reuse a scoop for a new tub without sterilising.)
If any moisture gets into the tub - condensation on the scoop, water in the air, spills, etc, then you have a potential small breeding ground but bacteria tend to like warm, damp conditions - not dry powder. They can live there but they won't vastly increase in number, so it is not like formula powder is some kind of crawling biohazard. It is just important to be aware that it sometimes can be contaminated, either from household sources of bacteria or, rarely, from something which happened during the manufacturing process.
The problem is once you rehydrate the powder and make it up into milk, now it's a lovely friendly environment for bacteria and they can reproduce very fast. This means that even a small amount of bacteria can become hazardous in a short space of time. That's why you don't want to let milk sit around at room temperature or warmer, but making it up with hot water gives the additional step of damaging any bacteria which are already present so that they shouldn't be able to multiply in the first place, but you'll never 100% eradicate everything - that's why milk (formula or not) will eventually go sour if you store it for too long, even if you treat it perfectly. Bacteria in themselves are not dangerous and our bodies are perfectly capable of handling them, it's when bacteria breed and increase to dangerous levels that they will make us ill.