@pmusaraj ours is the most up to date (v2.4.0.beta).
It is not wiping all settings. The issue is theme and plugin builders are expanding a single setting to contain a vast amount of info. See the screenshot above. One reset button and we have about 40 categories and subcategories defined there.
It seems like bad practice on the developers part (that theme component is in its early stages), but as i’ve seen it twice in a week on fairly popular plugins (and i’ve only used three this week), it is probably something worth looking into a solution to.