Browsing the source of readChan one finds the following implementation and comment, starting with version 4.6 of base:
-- |Read the next value from the 'Chan'.
readChan :: Chan a -> IO a
readChan (Chan readVar _) = do
modifyMVarMasked readVar $ \read_end -> do -- Note [modifyMVarMasked]
(ChItem val new_read_end) <- readMVar read_end
-- Use readMVar here, not takeMVar,
-- else dupChan doesn't work
return (new_read_end, val)
-- Note [modifyMVarMasked]
-- This prevents a theoretical deadlock if an asynchronous exception
-- happens during the readMVar while the MVar is empty. In that case
-- the read_end MVar will be left empty, and subsequent readers will
-- deadlock. Using modifyMVarMasked prevents this. The deadlock can
-- be reproduced, but only by expanding readMVar and inserting an
-- artificial yield between its takeMVar and putMVar operations.
Prior to base version 4.6, modifyMVar was used rather than modifyMVarMasked.
I don't understand what theoretical problem is solved for here. The last sentence states there is a problem if the thread yields between the takeMVar and putMVar that comprise readMVar. But as readMVar executes under mask_, how can an async exception prevent the put after successful take?
Any help understanding the issue here is appreciated.