go to "Audio | Audio drivers.settings", what is your Audio Driver Setup? By default, it should be WAS. Try changing this to MME, exit the menu and then restart BIAB. Does this make a difference
It was WAS, changing it to MME does not help.
On a side note, changing it to ASIO causes an immediate access violation, probably because I don't have any ASIO drivers. But that's a different bug.