So, I have a 13-inch MacBookPro M1 that just started showing this problem. Big Sur 11.2.3 installed.
The USB flash drive will no longer auto mount. It loaded once, I could see the files, clicked on a file and the computer ejected the external drive. I cannot see any external drive, tried rebooting, disk utility without any success. The drive was created not long ago prior to Big Sur. I have critical files and think is related to what you all have posted. I cannot reformat drive. Need help, any other suggestions?