After updating Android emulator to 31.2.6 today, emulator stop working. It says Connecting to the Emulator and process of qemu-system-aarch64 is become unresponsive
It worked well on previous version of emulator, which I downloaded with Arctic Fox, but can't rollback it
AS version: Bumblebee 2021.1.1 (downloaded it using Toolbox app)
macOS: Big Sur 11.6
Here is two workarounds I've found for now:
Try to close the process of qemu-system-aarch64 in Monitor System, not force close. When you click close emulator will prompt about saving state and two buttons Yes/No. Ignore them and click close icon in the left corner, then emulator start working correctly. Tried it at least once and it worked.
Because it's Bumblebee, emulator open inside AS by default. To turn off it, open:
Preferences -> Tools -> Emulator
And uncheck checkbox as in the image below

Then emulator will work correctly
Anyway, I think it's bug of 31.2.6
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