dyld[4255]: missing symbol on Apple M2

I am running ruby on rails project on my apple M2. Ruby version is 2.5.5. I have done setup using rosetta. After installing all the dependencies when i try to run the console i.e. rake c. I get this error

dyld[4255]: missing symbol called [1] 4255 abort rake c

I have tried removing the old ruby and starting this process from scratch. Have also installed brew using rosetta.

Does anyone know how to solve this?