A Reddit user provides a fix, however it does not appear to work 100% of the time. You may try exiting the game with Alt + F4 right before your character dies, which should buy you some more time on your next login. When the game is reopened, immediately open the map and warp to a location of grace. If you do not reach a location of grace quickly enough, the death loop will restart. One Reddit user reported losing 100 hours of playtime after using the workaround with no success.
