Check out the thread I started over 6 weeks ago:
recording-of-playback-from-a-v3-cam-FAILED
If you want this functionality to work, you’ll have to install the most current firmware, which clearly you have, and then install the most current version of the beta application for Android.
FYI: This issue was actually first reported here in the forums back in December of 2020. The person that reported it here also worked with WYZE support back in December.