gitlab-runner v12.10.0 cache configuration is broken

This morning after the update of our dockerized gitlab-runners from v12.9.0 to v12.10.0 all our jobs started to fail with the messages:

Running with gitlab-runner 12.10.0 (c553af1a)
  on gitlab-runner ttfdgrg
Preparing the "docker" executor
00:09
Using Docker executor with image docker-registry.host.name/swe/meeting/gitlab-ci:use-spring-boot ...
ERROR: Preparation failed: adding cache volume: cache volumes feature disabled
Will be retried in 3s ...
Using Docker executor with image docker-registry.host.name/swe/meeting/gitlab-ci:use-spring-boot ...
ERROR: Preparation failed: adding cache volume: cache volumes feature disabled
Will be retried in 3s ...
Using Docker executor with image docker-registry.host.name/swe/meeting/gitlab-ci:use-spring-boot ...
ERROR: Preparation failed: adding cache volume: cache volumes feature disabled
Will be retried in 3s ...
ERROR: Job failed (system failure): adding cache volume: cache volumes feature disabled

Rolling back to v12.9.0 fixed the problem.

Configuration for the runner is:

concurrent = 1
check_interval = 0

[session_server]
  session_timeout = 1800

[[runners]]
  name = "56446757658"
  url = "https://gitlab.host.name"
  token = "ddsfdfdhrtvvbgfr"
  executor = "docker"
  [runners.custom_build_dir]
  [runners.docker]
    tls_verify = false
    image = "docker:latest"
    privileged = false
    disable_entrypoint_overwrite = false
    oom_kill_disable = false
    disable_cache = true
    volumes = ["/var/run/docker.sock:/var/run/docker.sock", "/cache"]
    shm_size = 0
  [runners.cache]
    Type = "s3"
    Path = "runner/shared"
    Shared = true
    [runners.cache.s3]
      ServerAddress = "gitlab-cache-001.ripe.net:9000"
      AccessKey = "gitlab-runner"
      SecretKey = "my$3cr3tP@ssw0rd"
      BucketName = "gitlab"
      Insecure = true