If it is a single cell that hasn't gotten into reverse polarity, and only self-discharged to that low voltage, it could be fine.
I agree the cell *COULD* be fine, but don't bet your house and family's lives on it!
A colleague's household has had two totally different devices powered by single LiPO pouch cells fail due to 'puffed' batteries so far this month, one broke its screen, and the other fortunately just popped the back off. I don't have any data on how far the cells were previously discharged. Puffing is almost invariably associated with self-heating, and if a cell puffs fairly rapidly, (as opposed to slowly puffing due to old age), you've got no way of knowing how close it is/was to thermal runaway and a possible fire.
*PLEASE* charge safely, and don't store the abused device (with its LiPO) or the abused LiPO near flammable objects or materials, or where puffing may go unnoticed.
A further note on charging:
Monitor the cell temperature - if the exterior goes over 65°C during charging the cell is almost certainly unsafe.
Although you can simply keep a very close eye on it and frequently check for heating by touch, that's a PITA if its in a fireproof enclosure, and if its out on your bench, tethers you to tasks you can perform in the near area without getting distracted and forgetting to check. Its therefore preferable to automate recording if it has overheated. You can use any sort of thermometer that has a max hold function or data logging and can be kept in good thermal contact with the pack, or a small sliver of natural beeswax (which has a melting point range of 62°C to 64°C) on top of the cell as a temperature indicator, or an irreversible temperature indicating label with a suitable range e.g. this 60°C to 77 °C one:
RS 286-030.