What started off as "write a binary search" has turned into a massive gate-keeping process to try to select candidates who fit a profile. I'm not sure what that profile is, but I know I don't fit it. I grinded Leetcode for 2 months and failed Google, Facebook, and Amazon. I thought there was some luck involved and decided not to put any more time into it. But, I don't fault others who do.
I do think the large pay increases the candidate pool, so there has to be some form of testing. I just don't think as a senior developer, it assesses my skills.