A workaround could be to explicitly specify "CODE_SIGNING_ALLOWED": "NO" for resource bundle targets' build settings.

It seems to be a bug in Swift 5.7. We're using the below workaround xcrun -sdk macosx swiftc YourScript.swift -o YourScript YourScript [your additional arguments]

Ping. Is anyone else also facing this issue?

Removing the developer account resolved it but unfortunately, it returned after I resigned into my developer account again :(

Yes, we're facing the same issue. It's mentioned in the known issues though. Swift apps that reference UIContextMenuConfiguration and are compiled with the iOS 16 beta SDK crash on launch when run on a device running an older build. (93505538)