Affected version: 2.0.757 (Windows)
The bug
Profiles which were created with the old launcher has their names as key in the launcher_profiles.json file instead of a random UUID which every new profile has.
{ "profiles": { "Snapshots": { "type": "latest-snapshot", "lastUsed": "1970-01-01T00:00:00.002Z", "gameDir": "###" }, "691a56c5be968605778575592a6a5b85": { "name": "New profile", "type": "custom", "created": "2017-02-04T16:28:52.125Z", "lastUsed": "1970-01-01T00:00:00.000Z", "lastVersionId": "latest-release" } }