[QUESTION/HELP] Pulling k3d-proxy image fails

[mobiixi36]

I am using a M2 chip MacBook on MacOS Ventura 13.0.
My Docker Desktop version is 4.34.2, which has Docker Engine 27.2.0.
I have also logged in with my company docker account.

When I try to pull the image ghcr.io/k3d-io/k3d-proxy:5.6.3, I constantly get error as shown below:

> docker pull ghcr.io/k3d-io/k3d-proxy:5.6.3

5.6.3: Pulling from k3d-io/k3d-proxy
4060ece20d7a: Retrying in 10 seconds 
7875cf511d73: Retrying in 1 second 
f0fedff218af: Retrying in 10 seconds 
7a5666f74111: Waiting 
0632371cce84: Waiting 
3d333a45c7c7: Waiting 
6de0e7ce1b7e: Waiting 
6d91d070ecef: Waiting 
d6b05d304371: Waiting 
f159f30705ad: Waiting 
5b2b9a8392d3: Waiting 
0b04ca1b7073: Waiting 
a91338b55813: Waiting 
error pulling image configuration: download failed after attempts=6: Using feature requires a Business Subscription: a SOCKS proxy

Is this M2 chip specific issue? How to get rid of it?