I'm echoing what @DeathAngel said.
Just recently, someone had his $650K worth of crypto wiped out from his Metamask wallet on iPhone. Apparently, the Metamask seed phrase was saved on iCloud service.
According to “Serpent”, the founder of a project called DAPE NFT, the contents of the user’s wallet were worth $650,000. He explained the hack in a separate Twitter thread, saying, “MetaMask actually saves your seed phrase file on your iCloud. The scammers requested a password reset for the victim's Apple ID. After receiving the 2FA code, they were able to take control over the Apple ID, and access iCloud which gave them access to the victim's MetaMask.
Here's what Metamask has to say:
If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds.
^ It's a shame that the user have so much money but couldn't use a more secure wallet.
I know you're asking of a different wallet but it still the same brand of phone and also a mobile hot wallet.