Same issue here. Happy to read i'm not the only one.
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Ran into the same problem. I could replicate it locally by using npx expo start --no-dev --clear. Works for both Expo Go and the development build.
I then replace the contents of app.js with vanilla project code. Then I started adding the imports one by one. It quickly became apparent that <TouchableOpacity> was the culprit. replace <TouchableOpacity> with <Pressable> and removed import { TouchableOpacity } from 'react-native-gesture-handler'; in all components.
This resolved the issue.