iPadOS 16.1 Watchtower crash [Fixed. Please see the approved answer for details.]

Watchtower in 1Password 8.9.7 on iPadOS 16.1.1 makes the app crash.

Behaviour:
1. Opening the app on my iPad i go to Watchtower
2. The first page of Watchtower opens fine.
3. But, when I click into any of the different categories on the Watchtower page. E.g. “Expiring”. The 1Password app crashes (i.e. the ipad closes the app).
4. If I then try to reopen 1Password it immediately crashes again. (Perhaps because it tries to load me directly back into the part of the app that made it crash in the first place?)
5. Closing the app fully does not help.
6. Rebooting the iPad does not help.
7. Only solution I found was to delete the app from the device and re-install it from the app store.
8. After the fresh install, I am able to open the app and i use it as normal.
9. But, if I again try to use the Watchtower functionality the app crashes again and we are back to point 4 above.

1Password Version: 8.9.7
Extension Version: Not Provided
OS Version: iPadOS 16.1.1
Browser:_ Not Provided