WD Discovery is not working on M1 / Apple Silicon MacBook Air

Anyone else having issues with WD Discovery 4.3.327 causing kernel panics and random disconnects of all externally mounted drives on an M1 Mac? I’ve followed the instructions, but nothing works. I’ve uninstalled and then reinstalled per the instructions and it still causes massive issues.

“Support” said to uninstall 4.3.327 and then install 4.2.288, but that’s obviously not a plausible solution for a M1 Mac…

EDIT: I finally got 4.3.327 working after multiple install attempts, reboots, etc. However, it is now broken again in Big Sur 11.3.