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Take your passkey and shove it where the sun don't shine
(lemmy.world)
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A collection of some classic Lemmy memes for your enjoyment
It does, but not everyone sets up their 2fa, or uses the least secure forms. Then passwords get hacked, and those lists get shared so when the next hack comes along, they have that many more tools to try and break the encryption (assuming there is any) on a bigger site, compromising even more people.
It's a whole systemic shit bag. Passkeys were meant to solve a lot of these problems, and they would, but Big Tech is botching the execution in favor of yet another thing locking you into their ecosystem.