Flask is a web server gateway interface (WSGI) web application framework. In Flask 3.1.0, the way fallback key configuration was handled resulted in the last fallback key being used for signing, rather than the current signing key. Signing is provided by the itsdangerous library. A list of keys can be passed, and it expects the last (top) key in the list to be the most recent key, and uses that for signing. Flask was incorrectly constructing that list in reverse, passing the signing key first. Sites that have opted-in to use key rotation by setting SECRETKEYFALLBACKS care likely to unexpectedly be signing their sessions with stale keys, and their transition to fresher keys will be impeded. Sessions are still signed, so this would not cause any sort of data integrity loss. Version 3.1.1 contains a patch for the issue.
It was discovered that enabling debug mode in ironic-discoverd would also enable debug mode in flask, which would in turn enable the flask console on error. An attacker able to trigger an error and expose the flask console could use the console to run arbitary python code.