Strange issue indeed.
According to the log timestamps I would say it looks like the latest response from the remote mail server "354 End data with <CR><LF>.<CR><LF>" is triggering an exception.
Maybe SM doesn't like the <CR><LF>.<CR><LF> stuff in the server response when it answer to DATA command.
Hypothetically, maybe it tries to parse the content between <> as e-mail addresses and this could trigger an exception ?
[2024.04.05] 10:26:28.826 [23000731] RSP: 354 End data with <CR><LF>.<CR><LF>
[2024.04.05] 10:26:28.826 [23000731] Exception: Object reference not set to an instance of an object.
I guess at this point only a SM dev could answer this one though...
Kind regards
Sébastien Riccio
System & Network Admin
https://swisscenter.com