The issue allows attackers to create user accounts with arbitrary capabilities, effectively enabling them to create administrator accounts at will. This is being actively exploited. The plugin has over 200,000 active installations. Attackers are setting the `wp capabilities` user meta value to gain administrator privileges and full access to vulnerable sites. Despite attempts to fix the issue in versions 2.6.3, 2.6.4, 2.6.5, and 2.6.6, ways to exploit it still exist.