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Password-stealing Chrome extension smuggled on to Web Store
(www.malwarebytes.com)
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Because they literally tout security as one of the primary reasons for forcing it onto people.
https://developer.chrome.com/docs/extensions/mv3/intro/
The first line is “A step in the direction of security, privacy, and performance.”
https://developer.chrome.com/blog/mv2-transition/
“Manifest V3 is more secure, performant, and privacy-preserving than its predecessor.”
It’s the first thing they say.
If it doesn’t prevent a malicious extension from lifting your password in perhaps the most dumb and naive way I can think of, then it seems fairly disingenuous to describe it as “secure”.