Reversible hashed password storage isn’t meaningfully better than clear text.

• The key to reverse the hash is typically (necessarily) stored in the same infrastructure as the password. Bad actors with access to one have access to the combination.
• Even if an attacker fails to exfiltrate the key to the reversible hash, it’s typically only a matter of days at the most before they can reverse engineer it, and produce plain text copies of every password they obtained the hash of.

A reversible hash provides a paper thin layer of protection against accidental disclosure. A one way hash is widely considered the bare minimum for password storage.

Anyone claiming a password has been protected, and then being able to produce the original password, is justly subject to ridicule in security communities.