No found OLM pod panic in the latest 1 day for the 4.7 branch, see: https://search.ci.openshift.org/?search=Undiagnosed+panic+detected+in+pod&maxAge=24h&context=1&type=junit&name=4%5C.7&excludeName=&maxMatches=5&maxBytes=20971520&groupBy=job LGTM, verify it.
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory (Moderate: OpenShift Container Platform 4.7.4 security update), and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. https://access.redhat.com/errata/RHSA-2021:0957