I had the same issue by using a Blueendless HD501 usb hub. Recently I bought a Myria MY8062 hub with almost the same specs. With this new hub I had no issues. I suspect that in my case the problem was the communication between the old hub and the Mac mini M1 (I doubt that the new one uses less power, so the power used might not be an issue). The old usb hub works fine on a Windows notebook, so it's not faulty. Blueendless hub requires 5v 2.4A, I don't have the power rating for the new one. Both hubs are connected via usb-c, have 1 hdmi, 1 card reader and some usb ports

Xcode 13.3 solved this issue for me and my colleagues. It was a bug in Xcode 13.2 even if Apple didn't admit it.