Kotlin 1.3.72-release-474 fails in Latest SNAPSHOT

I am getting this error on project build using latest SNAPSHOT IDEA-CE build:

Error:Kotlin: [Internal Error] java.lang.IllegalArgumentException: Class versions V1_5 or less must use F_NEW frames.
at org.jetbrains.org.objectweb.asm.MethodWriter.visitFrame(MethodWriter.java:779)
at org.jetbrains.org.objectweb.asm.MethodVisitor.visitFrame(MethodVisitor.java:299)
at org.jetbrains.org.objectweb.asm.ClassReader.readCode(ClassReader.java:2047)
at org.jetbrains.org.objectweb.asm.ClassReader.readMethod(ClassReader.java:1489)
at org.jetbrains.org.objectweb.asm.ClassReader.accept(ClassReader.java:719)
at org.jetbrains.org.objectweb.asm.ClassReader.accept(ClassReader.java:402)
at org.jetbrains.kotlin.incremental.IncrementalJvmCache$InlineFunctionsMap.getInlineFunctionsMap(IncrementalJvmCache.kt:480)
at org.jetbrains.kotlin.incremental.IncrementalJvmCache$InlineFunctionsMap.process(IncrementalJvmCache.kt:511)
at org.jetbrains.kotlin.incremental.IncrementalJvmCache.saveFileToCache(IncrementalJvmCache.kt:132)
at org.jetbrains.kotlin.incremental.BuildUtilKt.updateIncrementalCache(buildUtil.kt:108)
at org.jetbrains.kotlin.jps.targets.KotlinJvmModuleBuildTarget.updateCaches(KotlinJvmModuleBuildTarget.kt:288)
at org.jetbrains.kotlin.jps.build.KotlinBuilder.doBuild(KotlinBuilder.kt:481)
at org.jetbrains.kotlin.jps.build.KotlinBuilder.build(KotlinBuilder.kt:309)
at org.jetbrains.jps.incremental.IncProjectBuilder.runModuleLevelBuilders(IncProjectBuilder.java:1448)
at org.jetbrains.jps.incremental.IncProjectBuilder.runBuildersForChunk(IncProjectBuilder.java:1126)
at org.jetbrains.jps.incremental.IncProjectBuilder.buildTargetsChunk(IncProjectBuilder.java:1193)
at org.jetbrains.jps.incremental.IncProjectBuilder.buildChunkIfAffected(IncProjectBuilder.java:1087)
at org.jetbrains.jps.incremental.IncProjectBuilder.access$1200(IncProjectBuilder.java:68)
at org.jetbrains.jps.incremental.IncProjectBuilder$BuildParallelizer$1.run(IncProjectBuilder.java:1027)
at com.intellij.util.concurrency.BoundedTaskExecutor.doRun(BoundedTaskExecutor.java:215)
at com.intellij.util.concurrency.BoundedTaskExecutor.access$200(BoundedTaskExecutor.java:26)
at com.intellij.util.concurrency.BoundedTaskExecutor$1.execute(BoundedTaskExecutor.java:194)
at com.intellij.util.ConcurrencyUtil.runUnderThreadName(ConcurrencyUtil.java:210)
at com.intellij.util.concurrency.BoundedTaskExecutor$1.run(BoundedTaskExecutor.java:183)
at java.base/java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1128)
at java.base/java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:628)
at java.base/java.lang.Thread.run(Thread.java:834)

Is there something I am missing or should I open an issue on YouTrack?

IntelliJ IDEA 2020.2 Snapshot (Community Edition)
Build #IC-201.7223.101, built on May 13, 2020
Runtime version: 11.0.7+10-b911.1 x86_64
VM: OpenJDK 64-Bit Server VM by JetBrains s.r.o.
macOS 10.15.3
GC: ParNew, ConcurrentMarkSweep
Memory: 6023M
Cores: 16
Registry: ide.ui.tree.indent=1, show.diff.preview.as.editor.tab=true, gui.form.edit.property.keys=true, ide.popup.resizable.border.sensitivity=6, uast.java.use.psi.type.precheck=false, undo.documentUndoLimit=200, debugger.show.values.inplace=true, show.diff.as.editor.tab=true, show.diff.preview.as.editor.tab.with.single.click=true, undo.globalUndoLimit=50, debugger.watches.in.variables=false, vcs.commit.tool.window=false, debugger.single.smart.step.force=false, focus.fix.lost.cursor=true, debugger.valueTooltipAutoShowOnSelection=true, vcs.force.non.modal.commit=true, vcs.non.modal.commit.split.horizontal.if.no.diff.preview=true, editor.caret.width=1, kotlin.experimental.project.wizard=true
Non-Bundled Plugins: CMD Support, PsiViewer, String Manipulation, com.bulenkov.intellij.png.optimizer, YourKit Java Profiler 2019.8-b136 Integration, org.jetbrains.kannotator, org.jetbrains.idea.grammar, com.intellij.marketplace, de.juserv.intellij-propertiessort, com.lid.intellij.translateme, com.ultrahob.zerolength.plugin, com.vladsch.MissingInActions, com.vladsch.PluginDevelopersToolbox, com.vladsch.plugins.consoleFileCaddy, com.vladsch.plugins.touchTypistsCompletionCaddy, org.intellij.RegexpTester, com.vladsch.git-file-case-fixer, mobi.hsz.idea.gitignore, nb-mind-map-idea, com.jetbrains.space, com.vladsch.idea.multimarkdown