Scaler 2.5 is unresponsive on Mac OS 12.3.1

Right after updating to Monterey 12.3.1 Scaler has become either slow, unresponsive and crashes on Bitwig 4.1 and Logic Pro x

I can confirm that as well. Scaler 2.5 is unresponsive on macOS 12.3.1 on M1.