Seg fault when launching Steam

[BiasedKiwi]

Your system information

• Steam client version (build number or date): steam-1.0.0.79-1
• Distribution (e.g. Ubuntu): Arch
• Opted into Steam client beta?: No
• Have you checked for system updates?: Yes
• GPU: Nvidia

Please describe your issue in as much detail as possible:

Right after launching Steam it crashes with

steam.sh[1671512]: Running Steam on arch rolling 64-bit
steam.sh[1671512]: STEAM_RUNTIME is enabled automatically
setup.sh[1671585]: Steam runtime environment up-to-date!
/home/alex/.local/share/Steam/ubuntu12_32/steam-runtime/run.sh: line 85: steam-runtime-identify-library-abi: command not found
run.sh[1671602]: steam-runtime-identify-library-abi --ldconfig-paths failed, falling back to ldconfig
steam.sh[1671512]: Can't find 'steam-runtime-check-requirements', continuing anyway
tid(1671661) burning pthread_key_t == 0 so we never use it
[2024-03-30 13:07:10] Startup - updater built Jan 13 2024 00:51:43
[2024-03-30 13:07:10] Startup - Steam Client launched with: '/home/alex/.local/share/Steam/ubuntu12_32/steam'
ILocalize::AddFile() failed to load file "public/steambootstrapper_english.txt".
03/30 13:07:10 Init: Installing breakpad exception handler for appid(steam)/version(0)/tid(1671661)
crash_20240330130710_2.dmp[1671674]: Uploading dump (out-of-process)
/tmp/dumps/crash_20240330130710_2.dmp
/home/alex/.local/share/Steam/steam.sh: line 798: 1671661 Segmentation fault      (core dumped) "$STEAMROOT/$STEAMEXEPATH" "$@"

It used to work before but now it doesn't for some reason. Only thing I did was update my system so I'm pretty sure that's related to the issue.

Steps for reproducing this issue:

1. Launch Steam

[kisak-valve]

Possible duplicate of #10675.