This issue can be fixed by updating the x86-only driver to version 1.4.7-20220712. Areca macOS bundle x86-only driver persists on the system in /System/Library/Extensions/. But out of band (manual) update of x86- driver is no longer be possible from Apple macOS. You need to change the RAID adapter device ID using ARC1886BOOT.86 code and manually install the x86-only or universal driver in /Library/Extensions/. The driver version 1.4.7-20220712 downloaded from Areca web site instead of macOS x86-only bundle driver similar as M1 Macs.
Tags: ARC-1886, driver, macOS