Waves are also VST3 all of them, did you keep the setting to let X3 replace with VST3 on the fly when opening old projects?
Just thought it might be handled a bit differently.
I try to reproduce here and come back.
As I understand - no gui visible on Waves?
To me it sounds like a graphics driver thingy - I would check latest drivers for graphics card.
I stayed up until 3.30 this morning(europe) exploring that fantastic X3, coming from 8.5.
I must congrat Cake for a job well done.