This is getting a lot of play today on Twitter but it's not all that consequential in the normal setting of a ZIP file. The flaw they're pointing out is that 7z's AES encryptor has a 64-bit IV (half the block size) --- not itself a vulnerability in block ciphers --- and uses a predictable RNG to generate the IV (for simplicity, just call it "time and pid"). 7z uses AES in CBC mode. In CBC, you want IVs to be unpredic…
Well, it's a "real" cipher, but with a legacy, unauthenticated cipher mode. This means basically as soon as you encrypt any active content you can have an attack similar to efail.