When did Chrome start looking at your passwords and checking them twice?
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I say hogwash on the inability to be read by anyone......
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Always trust the apps you are running. They have access to everything.
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Firefox has had this for a while also.
https://support.mozilla.org/en-US/kb/firefox-lockwise-alerts-breached-websites?as=u&utm_source=inproduct
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Chrome has been doing this for a least a month, if not several.