Password-protected key retrieval (PPKR) enables users to store and retrieve high-entropy keys from a server securely. The process is bootstrapped from a human-memorizable password only, addressing the challenge of how end-users can manage cryptographic key material. The core security requirement is protection against a corrupt server, which should not be able to learn the key or offline- attack it through the password protection. PPKR is deployed at a large scale with the WhatsApp Backup Protocol (WBP), allowing users to access their encrypted messaging history when switching to a new device. Davies et al. (Crypto'23) formally analyzed the WBP, proving that it satisfies most of the desired security. The WBP uses the OPAQUE protocol for password-based key exchange as a building block and relies on the server using a hardware security module (HSM) for most of its protection. In fact, the security analysis assumes that the HSM is incorruptible - rendering most of the heavy cryptography in the WBP obsolete.