I haven't come across one, but you could try looking on specialized comic websites or social media groups focused on comics. Maybe someone there knows if such a comic exists.
Deku might be completely shocked at first. Since Bakugou has always been so aggressive towards him, he would never expect such a confession. He might just stand there, mouth agape, not knowing what to say.
Bakugo would likely be furious. He'd feel betrayed and would probably be the first to attack Deku, yelling at him about how he's thrown away everything they've worked for. Uraraka might be more empathetic. She'd try to understand what drove Deku to become a villain and hope there's a way to bring him back to the side of good.
One possible plot could be that Villain Deku is on a mission to undermine the hero society and crosses paths with Hero Deku. They engage in a fierce battle where Villain Deku taunts Hero Deku about his ideals. In the end, Hero Deku manages to get through to a small part of Villain Deku's conscience, leaving him with some doubts about his villainous path.
He might cry a lot. Deku is very emotional, and being cheated on would be a very painful experience for him. He could also get angry, which is rare for him, but this situation would be so unjust that he might not be able to hold it in. He'd probably start to question his self - worth too, thinking that there was something wrong with him that made his partner cheat.
One great 'Best villain Deku fanfic' is 'Villainous Deku: The Dark Ascent'. It shows Deku turning to the dark side in a very believable way. The author does an excellent job of portraying his inner turmoil and the reasons behind his transformation. Another one could be 'Deku's Villainous Reign' which has some really intense action scenes where villain Deku battles against his former friends. It's a thrilling read.
Definitely not. Deku's character arc in the manga is centered around his growth and development as a hero. There are challenges and difficulties, but he never turns to the dark side.