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Waves V12 was released in late 2020/early 2021 and lacks native support for Apple Silicon (M1/M2/M3 chips). It is primarily supported on Intel-based Macs running macOS 10.13.6 through 11.5.2. Legitimate Alternatives You can download the official Waves V12 Offline

Users of cracked Waves V12 versions frequently report issues where plugins stop loading after a short time or cause DAW crashes due to updated anti-piracy measures. You can download the official Waves V12 Offline