Hi there,
I opened a few months old project which used the Wave Warp effect and noticed it had completely broken, it didn't look like the final render.
After some detective work, it seems Adobe increased by x8 the resolution of the effect from version 24.5 to 24.6, but that seems to also have altered the way the "phase" value works.
So for example if you had something looping with Phase going from 20° to 70° for the wave to loop, it will not loop accordingly now as the parameters have changed. The solution I found was multiplying all phase values by 8 and that brought things back to normal. But it's a pain and I think the most reasonable would be for Adobe to update the Phase parameter on their end so old projects with Wave Warp still work.
Hope it gets solved soon.
Thanks