To anyone with a bit more breadth on this topic: is this as terrible as it sounds or more just in the realm of academia and nation-states?
So cracking it in 3 hours by amateurs is pretty bad, because now even not too sophisticated thieves can start looking for crypto wallets or sensitive data to ransom.
That sounds pretty practical.
No. Your wording suggests that once attackers gain physical access, all is lost. It is not true. With a passphrase based full disk encryption, if the passphrase is strong and the machine is powered off, physical access doesn't imply data access.
https://www.bloomberg.com/news/features/2018-10-04/the-big-h...
This is _trivial_ for any mildly sophisticated attacker.
Room bugged = keyboard keylogged