This error was officially recognized by Oculus and they released an update to solve the issue. If your Oculus hardware still doesn’t work (given the time frame), it is also offered to be replaced. Before we move on with the solution, make sure that your headset is connected properly with your computer and the headset is working without any problems. Furthermore, make sure that the installation is done using administrator privileges and it is installed in the correct directory.
Installing the official Oculus patch
The official patch, however, has fixed the problem for a majority of the users without having to do much. To download the patch, navigate to Oculus official website and download the released patch. Once the patch is downloaded, right-click it and select “Run as administrator”. If your antivirus software blocks the software from installing the modules, unblock the file and continue with the installation. When the fix will be running, click on the Repair option. Now your existing Oculus software will be analyzed and specific modules will be replaced. Restart your computer completely and check if the problem is solved. Tip: If the repair isn’t working, uninstall the existing software and download the entire software package again from the official website.
Changing Date and Time
Note: If the time change isn’t working, revert the changes and set the correct time. If this doesn’t fix, it may cause negative consequences.
Launching application from the directory
If you have a different directory where the system is installed, navigate to that directory and locate the file.
Restarting Oculus VR Runtime Service
Reinstalling the software
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