Ever since phones became pretty immune to reselling-theft (steal phone, reset it, sell it) people have been snatching phones and trying to empty crypto, banks, etc before it locks. Some apps don't reauthenticate.
https://support.apple.com/guide/security/activation-lock-sec...
As of iOS 27 beta, there's now an additional "partner finance lock" status that will also be an available parts-lock status (to prevent a 'leased' device from being parted out).
https://9to5mac.com/2026/07/21/ios-27-code-suggests-apple-co...
It makes me wonder if there’s some way to put a third lock on there that’s not normally unlocked.