Compile error react-refresh/babel 0.4.0

[natew]

Using react-refresh/babel 0.4.0 is giving me this error on a large number of files:

ERROR in ../orbit-app/src/hooks/useStores.ts
Module build failed (from ../node_modules/babel-loader/lib/index.js):
TypeError: Cannot read property '0' of undefined
    at Function.get (/Users/nw/projects/motion/orbit/node_modules/@babel/traverse/lib/path/index.js:115:33)
    at NodePath.unshiftContainer (/Users/nw/projects/motion/orbit/node_modules/@babel/traverse/lib/path/modification.js:191:31)
    at PluginPass.exit (/Users/nw/projects/motion/orbit/node_modules/react-refresh/cjs/react-refresh-babel.development.js:546:28)

I narrowed down that file to the simplest thing that causes it:

import { useContext } from 'react'

export default () => useContext()

Originally posted by @natew in #16604 (comment)

[gaearon]

Fixed in 0.4.1