A Microsoft file hosting and synchronization service.
Same problem on MBP 14 and Mac mini M1 that erasing the Mac mini M1's SSD and reinstalling MacOS 12.4 and OneDrive on June 1* didn't fix.
*Installed a new copy of Microsoft Business 365 Premium including OneDrive - now on v 22.099.0508.0001 (Standalone) (Apple Silicon).
Same Kernel Panics reappeared a few hours ago. As others have said, panics/reboots don't occur if OneDrive isn't running and when sync is paused.
We need a solution very soon from Microsoft.