MD5 hashes received the curtain call?

According with this article on TheRegister

Much of the reason password hashes have become so easy to crack is password predictability. Per Kaspersky, its analysis of more than 200 million exposed passwords revealed common patterns that attackers can use to optimize cracking algorithms, significantly reducing the time needed to guess the character combinations that grant access to target accounts.

In case you’re wondering whether there’s a trend to compare this to, Kaspersky ran a prior iteration of this study in 2024, and bad news: Passwords are actually a bit easier to crack in 2026 than they were a couple of years ago. Not by much, mind you – only a few percent – but it’s still a move in the wrong direction. “Attackers owe this boost in speed to graphics processors, which grow more powerful every year,” Kaspersky explained. “Unfortunately, passwords remain as weak as ever.”

Happy (late) Password Day?

Because I’m not that fond of passkeys…

So the weakness is in the MD5 algorithm and not the password strenght? If so, then MD5 is worthless in terms of an important security measurement of encrypting passwords.