The application crashes when I enable debug

Description
With Debug disabled everything works fine. But as soon as I enable Debug, the application immediately collapses without any errors...

I have completely cleaned all the caches

rd %localappdata%\Temp\metro-cache /s /q
del %localappdata%\Temp\haste-map*
gradlew clean
rd node_modules /q /s
npm cache clean --force
npm start -- --reset-cache

But nothing helps

Version
0.66.4

Output of npx react-native info
$ react-native info
info Fetching system and libraries information...
(node:18324) Warning: Accessing non-existent property 'padLevels' of module exports inside circular dependency
(Use node --trace-warnings ... to show where the warning was created)
System:
OS: Windows 10 10.0.19044
CPU: (4) x64 Intel(R) Core(TM) i5-7200U CPU @ 2.50GHz
Memory: 1.17 GB / 7.49 GB
Binaries:
Node: 14.17.5 - C:\Program Files\nodejs\node.EXE
Yarn: 1.7.0 - C:\Program Files (x86)\Yarn\bin\yarn.CMD
npm: 6.14.5 - C:\Program Files\nodejs\npm.CMD
Watchman: Not Found
SDKs:
Android SDK:
API Levels: 23, 26, 28, 29, 30
Build Tools: 28.0.3, 29.0.2, 30.0.2
System Images: android-19 | Google APIs ARM EABI v7a, android-24 | Google Play Intel x86 Atom, android-27 | Google Play Intel x86 Atom, android-28 | Intel x86 Atom_64, android-28 | Google APIs Intel x86 Atom, android-28 | Google Play Intel x86 Atom
Android NDK: Not Found
Windows SDK: Not Found
IDEs:
Android Studio: Version 4.0.0.0 AI-193.6911.18.40.6626763
Visual Studio: Not Found
Languages:
Java: 1.8.0_211 - /c/Program Files/Java/jdk1.8.0_211/bin/javac
npmPackages:
@react-native-community/cli: Not Found
react: 17.0.2 => 17.0.2
react-native: 0.66.4 => 0.66.4
react-native-windows: Not Found
npmGlobalPackages:
react-native: Not Found

Steps to reproduce
1 launch the application
2 ctrl+m
3 select Debug
4 The application breaks and collapses without errors

GIF: https://gyazo.com/3ef2d1377993b55ecd6a27549eb21267