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heavy sigh... YOU CAN'T "HACK" STUFF WITH INSPECT!
okay well, technically you can, if there's a vulnerability in your website that can be exploited by crafting requests, or your web developer is an incompetent fool who leaves confidential information "hidden" in publicly available documents. but it's not a hacking tool, it's just a tool that shows you what the website sends your browser and gives you more granular control over how your browser behaves. if your students are hacking you using Inspect, then you have much bigger problems than the students having access to Inspect (like actual hackers with tools designed for hacking), and taking it away will solve absolutely nothing.
also a lot of non-technical teachers and students who discover Inspect for the first time mistake editing content on a webpage with "hacking", even though it's entirely local and disappears on a refresh, so it's just a harmless prank, or at worst a clever way to fake screenshots.
I hate, hate, HATE how schools keep taking away opportunities for students to learn technology - WHICH IS A GOOD THING - because they're afraid of "hacking" or students being distracted.
THAT REMINDS ME people in my school kept hacking stuff on their chromebooks, so we got inspect taken away a few years ago sigh..