Arc Browser crashes on open

After downloading and opening arc browser, browser crashes every time immediately. Has anyone else encountered this or know how to resolve this?

Here's the crash report

Process: Arc [5569]

Path: /Applications/Arc.app/Contents/MacOS/Arc

Identifier: company.thebrowser.Browser

Version: 1.12.1 (42373)

Code Type: ARM-64 (Native)

System Integrity Protection: enabled

Crashed Thread: 0 CrBrowserMain Dispatch queue: com.apple.main-thread

Exception Type: EXC_BAD_ACCESS (SIGSEGV)

Exception Codes: KERN_INVALID_ADDRESS at 0xefefefefefefefef -> 0xffffefefefefefef (possible pointer authentication failure)

Exception Codes: 0x0000000000000001, 0xefefefefefefefef

Termination Reason: Namespace SIGNAL, Code 11 Segmentation fault: 11

Terminating Process: exc handler [5569]

VM Region Info: 0xffffefefefefefef is not in any region.

REGION TYPE START - END [ VSIZE] PRT/MAX SHRMOD REGION DETAIL

UNUSED SPACE AT START

--->

UNUSED SPACE AT END

Thread 0 Crashed:: CrBrowserMain Dispatch queue: com.apple.main-thread