The issue is the lack of synchronization between cancellation and not handling cancel failure.
All cancellations can fail because there is always a race when calling cancel() where the operation completes.
You have two options, synchronous cancel (block until we know if cancel succeded) or async cancel (callback or other notification).
This code simply handles the race incorrectly, no need to think too hard about this.
It may be that some io_uring operations cannot be cancelled, that is a linux limitation. I've also seen there is no async way to close sockets, which is another issue.