npm run build crashes after upgrade to Nuxt 3.16 due to exsolve

[ nuxi  15:58:23]  ERROR  Nuxt Build Error: node_modules/exsolve/dist/index.mjs (7:9): "format" is not exported by "__vite-browser-external", imported by "node_modules/exsolve/dist/index.mjs".
file: /Users/someuser/someproject/node_modules/exsolve/dist/index.mjs:7:9

5: import process$1 from 'node:process';
6: import v8 from 'node:v8';
7: import { format, inspect } from 'node:util';
            ^
8:
9: const nodeBuiltins = [


    at getRollupError (node_modules/rollup/dist/es/shared/parseAst.js:397:41)
    at error (node_modules/rollup/dist/es/shared/parseAst.js:393:42)
    at Module.error (node_modules/rollup/dist/es/shared/node-entry.js:16750:16)
    at Module.traceVariable (node_modules/rollup/dist/es/shared/node-entry.js:17199:29)
    at ModuleScope.findVariable (node_modules/rollup/dist/es/shared/node-entry.js:14855:39)
    at FunctionScope.findVariable (node_modules/rollup/dist/es/shared/node-entry.js:5583:38)
    at FunctionBodyScope.findVariable (node_modules/rollup/dist/es/shared/node-entry.js:5583:38)
    at Identifier.bind (node_modules/rollup/dist/es/shared/node-entry.js:5357:40)
    at CallExpression.bind (node_modules/rollup/dist/es/shared/node-entry.js:2780:28)
    at CallExpression.bind (node_modules/rollup/dist/es/shared/node-entry.js:11935:15)