I've been fighting this one for a few weeks now.
From the diagnostic logs, it looks like ncrunch is trying to construct/use the path where VS Code is installed.
There are several problems with attempting this but I'll start with the most relevant - that path 'C:\Users\ms1\AppData\Local\Programs\Microsoft VS Code\bin' does not exist on my box because the user profiles are on D. Another reason could be that VS Code is not installed on my box. [Edit] I must add and WTF is NCrunch looking for this for anyway? :D
The log is in pastebin (couldn't see how to attach a file) 
https://pastebin.com/EztjJcd8Bit more history.
I can't figure out the exact moment it died. I had installed the latest a few days before but I THINK it worked for a couple of days.
Weird thing - the Rider plugin still works on the same solution (as well as it does - flaky little bugger, especially in a floating window).
I tried the manual uninstall/clean/reinstall a few time, even dropped down a few versions. Even tried a new git clone of the repo.
So, now I'm currently on VS2022 community 17.14 and NCrunch 5.16.5 and I decided to turn on the diagnostic logging and found the boom on line 1700.
Let me know if you need any more info.
Cheers.