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Comment by crote

4 hours ago

You are supposed to store the password in a Secure Enclave, which you can only query for the current token value. You are also supposed to immediately destroy the QR code after importing it.

As I already mentioned, the fact that people often use it wrong undermines its security, but that doesn't change the intended outcome.

IMO if it is possible to use a system wrongly which undermines its security, it is already broken.