Race condition in fs/timerfd.c in the Linux kernel before 4.10.15 allows local users to gain privileges or cause a denial of service (list corruption or use-after-free) via simultaneous file-descriptor operations that leverage improper might_cancel queueing.
The product reuses or references memory after it has been freed. At some point afterward, the memory may be allocated again and saved in another pointer, while the original pointer references a location somewhere within the new allocation. Any operations using the original pointer are no longer valid because the memory "belongs" to the code that operates on the new pointer.