This issue arises from the absence of a unified or synchronized system for managing and verifying the timeliness and accuracy of these submissions. The primary vulnerability that the CLRT (Consensus Ledger Reconciliation Technology) aims to mitigate is the risk associated with parties intentionally or mistakenly publishing outdated states. Such actions compromise the integrity and reliability of the system, creating opportunities for fraud, data manipulation, or simple errors that could have far-reaching implications for all stakeholders involved.

The concern highlighted about the delay exceeding twice the expected duration underlines a critical flaw in the system's design or operational protocol. It suggests a scenario where both parties, either through a strategic move or an oversight, submit states they know are not current. This behavior undermines the foundational principle of trust and veracity that the system relies on. It introduces unnecessary complexity and vulnerability into the process, necessitating a reevaluation of the mechanisms in place for state submission and verification.

In essence, the situation calls for a robust solution that can ensure the authenticity and timeliness of updates submitted by all parties. Without such a mechanism, the system remains exposed to risks that could compromise its functionality and the security of the data it manages. This underscores the importance of continuous assessment and enhancement of the protocols and technologies employed to safeguard against these vulnerabilities.