Resim error message after Scrypto simulator upgrade

After updating scrypto and resim CLI tools to the 0.2.0 version I’m getting an error when I try to create a new account using resim. Creating an account was not an issue when I was running version 0.1.0

$ resim new-account
Transaction Status: FAILURE
Execution Time: 4 ms


Every time you update scrypto there’s a good chance the ledger schema has changed – try doing resim reset first. This will clear the on disk ledger.

You may also need to run cargo install --path ./simulator from your scrypto root directory again.

Solution contributed by devmannic#4635 on Discord