The October 24, 2024 KB5045934 Cumulative Update Preview for .NET Framework 3.5 and 4.8.1 for Windows 11 24H2 has been released. This update appears along with KB5044384 Update for Windows 11 24H2. To apply this update, you must have .NET Framework 3.5 or 4.8.1 installed.
Check the below link to get the details about the October 24, 2024-KB5045935 Cumulative Update Preview for .NET Framework 3.5 and 4.8.1 for Windows 11 24H2
To install the KB5045934 cumulative update preview on Windows 11 24H2, go to Settings > Update & Security > Windows Update. You must restart the computer after you apply this update.

KB5045934 contains no new security improvements but it includes all the previous security improvements. So installing this update should resolve the problems with your .NET Framework 3.5, 4.8.1 installations. There are no known issues with this update.
Check the below link to get the details about the October 24, 2024-KB5045935 Cumulative Update Preview for .NET Framework 3.5 and 4.8.1 for Windows 11 24H2
To install the KB5045934 cumulative update preview on Windows 11 24H2, go to Settings > Update & Security > Windows Update. You must restart the computer after you apply this update.

KB5045934 contains no new security improvements but it includes all the previous security improvements. So installing this update should resolve the problems with your .NET Framework 3.5, 4.8.1 installations. There are no known issues with this update.
Quality and Reliability improvement in KB5045934 Cumulative Update for Windows 11 24H2
- Addresses the "The type initializer for 'System.Web.UI.Util' threw an exception" error during design-time compilation in Visual Studio for.NET Framework ASP.Net projects.
- Fixes an issue with the.NET API UserPrincipal.
- Address a problem where a thread entering CLR for the first time may occasionally result in an infinite loop.