> Perhaps a nation-state actor could shave down the processor and read that key with a SEM or some crazy thing, but that's literally how far the design is supposed to have pushed iOS security. Which is what makes this hack so embarrassingly bad (if confirmed).
Shaving down the processor is hard but still possible. A government with a billion-dollar budget can probably do it, if they want, including after practicing on a million throwaway phones in the process. Apple's design is also known as security by obscurity (https://en.wikipedia.org/wiki/Security_through_obscurity).
I much prefer an open design and security by high-entropy keys and well-established practices in the cryptography. I'd feel much safer using open cryptography libraries and strong passwords than arbitrarily and blindly trusting some secretive engineers at Apple.
Apple's design is super-hard to break but possible.
My Linux laptop, on the other hand -- the hard drive is standard SATA. Have at it. I don't care if you have a billion dollars, you'll have a hard time breaking into my data for a probably at least a few decades.