Tell us about yourself!
No, acetone is not a carcinogen. Gasoline is since it contains benzene among other things. Benzene is a carcinogen. Acetone is hazardous, as it has a very low flash point, about -17C iirc. And it dries your skin very quickly, so you should avoid skin contact, and of course avoid eye contact.
The red Loctite is the one you need heat to break.
only if you use the army olive drab t-shirt! ;)
Getting Started with Glue
Tools and Materials for Glue