I think have the same problems here. terraria doesn't even open the window of the game. click the play button and some seconds after steam shoes, that the game is closed.
the error can only be seen in windows journal
Application: Terraria.exe
Version: v4.0.30319
Discription. The process was terminated due to an unhandled exception
Exception details: System.BadImageFormatException
in Terraria.Program.LaunchGame(System.String[], Boolean)
in Terraria.WindowsLaunch.Main(System.String[])
And this one
Faulting application name: Terraria.exe, version: 1.4.2.2, time tag: 0x60808c08
Faulting module name: KERNELBASE.dll, version: 10.0.19041.906, time tag: 0x26452a2a
Exception code: 0xe0434352
Error offset: 0x0012a6e2
Failed process ID: 0xbb0
Faulting application start time: 0x01d7435cd90ca09f
Faulting application path: G:\Steam\steamapps\common\Terraria\Terraria.exe
Faulting module path: C:\WINDOWS\System32\KERNELBASE.dll
Report ID: 4d4aabdd-b5ad-47d1-9fc8-7fd51cc38c45