@andrei0x309
It's not only on the device, I just logged in with a fresh emulator.
Clearly, it's stored persistently.
In the best-case scenario, it's encrypted with the user-provided seed as a password, and the seed is never stored at Merkl.
But again, without the full source code of the backend + client, it's just: "trust me, bro", for all we know, even the seed could have been stored.