Edit button not working

I’m using Bold Builder version 4.2.1

After updating, I am not able to edit most of the elements such as images, section, column.

After having a glance at console, everytime I click on an image element to edit it throws following error:

Uncaught TypeError: (intermediate value).setHSpace is not a function
    at x.<computed>.<computed>._create (iris.min.js?ver=1.1.1:5:7914)
    at x.<computed>.<computed>.r.<computed> [as _create] (core.min.js?ver=1.13.1:116:965)
    at x.<computed>.<computed>.o (core.min.js?ver=1.13.1:116:773)
    at x.<computed>.<computed>._create (wp-color-picker-alpha.min.js?ver=4.2.1:11:1266)
    at x.<computed>.<computed>.r.<computed> [as _create] (core.min.js?ver=1.13.1:116:965)
    at x.<computed>.<computed>._createWidget (core.min.js?ver=1.13.1:116:3082)
    at new x.<computed>.<computed> (core.min.js?ver=1.13.1:116:569)
    at HTMLInputElement.<anonymous> (core.min.js?ver=1.13.1:116:2314)
    at Function.each (load-scripts.php?c=0&load[chunk_0]=regenerator-runtime,wp-polyfill,wp-hooks,jquery-core,jquery-migrate,utils&ver=5.9.2:12:3003)
    at s.fn.init.each (load-scripts.php?c=0&load[chunk_0]=regenerator-runtime,wp-polyfill,wp-hooks,jquery-core,jquery-migrate,utils&ver=5.9.2:12:1481)