It is often mentioned that QFT is ill-defined mathematically. I have seen this as stated that QFT can be defined on a lattice, but that it breaks down if the lattice spacing goes to zero. Discussions and other posts (e.g., Rigor in quantum field theory) go into some high-level details about where the trouble comes from, including citing large numbers of in-depth references. But these are not concrete in discussing an actual problem.
I understand the problem is conceptually difficult. Is there a simple, succinct, concrete problem statement that elucidates the issue?
For example, what is the simplest version of a QFT (in terms of type of fields, interactions, # dimensions, etc) in which the problem occurs? And what is the most basic calculation or definition that is problematic?