An endpoint returned Access-Control-Allow-Origin: * together with Access-Control-Allow-Credentials: true (or reflected an arbitrary Origin), which lets any website read authenticated responses.
An endpoint returns Access-Control-Allow-Origin: * (or reflects the request Origin) together with Access-Control-Allow-Credentials: true. Any malicious website the user visits can then make credentialed cross-origin requests to your API and read the authenticated responses.
Cross-site data theft: another site reads the victim's private API responses using their session.