Earlier quoted context omitted.
I suspect the original rationale is about preserving the longevity of the backdoor. If you blow a hole wide open that anyone can enter, it’s going to be found and shut down quickly. If this hadn’t had the performance impact that brought it quickly to the surface, it’s possible that this would have lived quietly for a long time exactly because it’s not widely exploitable.
I agree that this is probably about persistence. Initially I thought the developer was playing the long-con to dump some crypto exchange and make off with literally a billion dollars or more. But if that was the case they wouldn't bother with the key. It'd be a one-and-done situation. It would be a stop-the-world event. Now it looks more like nation-state spycraft.
I disagree, plenty of exploits implemented WireGuard-like crypto key access to them.