Earlier quoted context omitted.
I've always wondered when 1Password is going to get hacked..
Won't do much; AFAIK everything is encrypted client-side with your master password. So a hacker could, in theory, get my encrypted database, but by the time they crack my strong password, I will, at the very least, have changed all those passwords.
One commit to a VCS by a disgruntled employee, or an attacker who social engineers credentials to the VCS, and the client applications themselves - which must be trusted to decrypt the contents locally - will be compromised.
This is the problem with proprietary password managers, where the client applications are provided by the company. You cannot vet that software which is running on your device today, let alone all the app updates coming down the pipeline.