ntpd in NTP 4.x before 4.2.8p8 allows remote attackers to cause a denial of service (ephemeral-association demobilization) by sending a spoofed crypto-NAK packet with incorrect authentication data at a certain time.
NTP 4.x before 4.2.8p6 and 4.3.x before 4.3.90 do not verify peer associations of symmetric keys when authenticating packets, which might allow remote attackers to conduct impersonation attacks via an arbitrary trusted key, aka a "skeleton key."