Ran into same problem.
For me it was an issue with library/package versions - its important to stick exactly to the versions listed by @frittna
//       name:                                     from:                             version                search library manager exactly for:
// ---------------------------------------+------------------------------------------+------ + --------------------------------------------------------------|
#include "Free_Fonts.h"       // Library  | Arduino                                  |       |                                                               |
#include <WiFi.h>             // Board-pkg| -> Problems? look in the compiler log window what version of WiFi.h is used -> its the ESP32 version **see below |
#include <Preferences.h>      // Library  | Arduino                                  |       |                                                               |
#include <M5Stack.h>          // Library  | Arduino Librarymanager M5Stack           | 0.3.1 | "M5Stack"                                                     |
#include <Timezone.h>         // Library  | Arduino Librarymanager Jack Christensen  | 1.2.4 | "Timezone"                                                    |
#include <time.h>             // Library  | Arduino Librarymanager Michael Margolis  | 1.6   | "timekeeping"                                                 |
#include <WebSocketsClient.h> // Library  | Arduino Librarymanager Markus Sattler    | 2.3.0 | "Websockets"  watch for the exact version!                    |
#include <ArduinoJson.h>      // Library  | Arduino Librarymanager Benoit Blanchon   | 6.17.3| "ArduinoJson"                                                 |
#include "M5StackUpdater.h"   // Library  | Arduino Librarymanager SD-Menu Loader    | 0.5.2!| "M5Stack SD"  i use 0.5.2 , not new 1.0.2 because of problems |
#include <Adafruit_NeoPixel.h>// Library  | Arduino Librarymanager Adafruit NeoPixel | 1.7.0 | "Adafriut Neopixel"                                           |
#include "FS.h"               // Tool     | github: esp32fs for SPIFFS filesystem    | 1.0   | https://github.com/me-no-dev/arduino-esp32fs-plugin           |
// ---------------------------------------+------------------------------------------+-------+----------------------------------------------------------------
Also, be sure to use esp32 version 1.04 from the Board Manager. 1.06 did not work for me given the above versions.
Cheers,
Silvereq