Hi B3anie,
Thanks for the bug report. Are you on Windows? If so, I have heard of this issue. It may have something to do with a faulty .dll file. Some people have reported that replacing this corrupt .dll with another one from another machine has worked for them.
C:\Program Files\Adobe\Adobe Premiere Pro 2024\ImageRenderer.dll
Since it's not an ideal troubleshooting step, reinstalling the OS would be my suggestion.
Sorry for the frustration.
Thanks,
Kevin