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It's the same issue once you login to your vault via browser extension. They have to download your vault locally on login to decrypt it when you enter your password anyway*. Even if they don't store your vault password in memory, they either store the entire vault (unlikely for size reasons) or a more temporary key to access the vault. Local compromise is full compromise already.
*If they don't, then they either made a giant technological leap, or they're storing your passwords on a simple database on their servers and that's not what you want from a password manager.