Great to hear this will be fixed! We were just about to post a ticket with the same issue, because as other posts have also noted, users are logged out and unable to log back in with either their old or new passwords after resetting it via Settings.
We found that the above suggestions of rolling back to WordPress 5.7.2 worked as well.
You’re in luck. The Gwangi theme actually has the option to do exactly this in their latest version, so this should be a simple fix for you. Go to Appearance > Customise > BuddyPress > Members Directory > check the “Hide myself” box and Publish the change and you should be all done!
We are having the same issue as @tamarazambrana. Tested on a new and up-to-date WordPress and BuddyPress install with no other plugins or any sort of caching anywhere. There are no errors in the browser console on the front-end or back-end. If we add 8+ (from rough observation) fields into Signup field, the rearrangement of fields do not stick and start to get rearranged on their own.