You're looking at it wrong. There doesn't need to be a generalizable, embarrassingly parallel, computationally lower class, key reduction.
Just this specific implementation with these specific wallets maybe using a version of the btc code with a small recently discovered bug that existed say for 3 months in 2011
You can have something extremely localized and get this result. And this is exactly the behavior people have long game theoried would happen under such a scenario.
You're implicitly making the claim that just because you can't find something widely discussed in literature than any optimization of any kind is impossible and nobody would ever dare to keep an advantage in stealing bitcoin wallets secret.
Stuxnet is way less plausible than this yet that happened.
People have been trying to do this for a decade and have in aggregate thrown probably north of $100 million into it through separate efforts. The idea of someone finally succeeding is kind of expected.
Again the only claim I'm making here is that this is not only a non-zero chance, but, in my mind, an over 90%.