Work-around:
Create a new folder in steamapps>common and name it Reshade and pull "reshade-shaders" from Arma 3 into this new folder and start up Arma 3 and open the Reshade menu and change directory from /Arma 3/reshade-shaders to /Reshade/reshade-textures and reload shaders.
Note that you will have to alternate between these two folders and change every single time you star tthe game again to avoid crash.
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