[wwwv]

That would be useless, as the key could just be passed through.

[occams_chainsaw]

What do you mean "passed through"? You can't just steal a key and replay it whenever you want. (Unless you physically steal the key)

[pliny]

But you can trick Bob into entering his credentials + using his security key on corp.bank.co.m and then use those credentials + security key interaction to log into corp.bank.com IF the security key interaction is domain agnostic (like you can do with the 2FA codes you get on your phone - if you can trick Bob into entering his password you can trick corp.bank.com into sending Bob a 2FA code which he will also give you).

[zaarn]

The key requires physical feedback, the user needs to push the button when prompted by the software and that button pushing will only authorize a single authentication.