General error while request new password

While requesting new password using "I forgot my password" feature, general error (SQL error) is thrown:

General Error

SQL ERROR [ mysqli ]

Data too long for column 'user_newpasswd' at row 1 [1406]

SQL

UPDATE phpbb_users SET user_newpasswd = '$2y$10$wL/dfe2RzKZT/QOewDWu.uTlAiYOxtrJtQZklott7yYSOtKeAW3PG', user_actkey = '2MGHYC8DFL' WHERE user_id = 48

BACKTRACE

FILE: (not given by php)
LINE: (not given by php)
CALL: msg_handler()

FILE: [ROOT]/phpbb/db/driver/driver.php
LINE: 803
CALL: trigger_error()

FILE: [ROOT]/phpbb/db/driver/mysqli.php
LINE: 181
CALL: phpbb\db\driver\driver->sql_error()

FILE: [ROOT]/includes/ucp/ucp_remind.php
LINE: 97
CALL: phpbb\db\driver\mysqli->sql_query()

FILE: [ROOT]/includes/functions_module.php
LINE: 604
CALL: ucp_remind->main()

FILE: [ROOT]/includes/functions_module.php
LINE: 928
CALL: p_master->load_active()

FILE: [ROOT]/ucp.php
LINE: 56
CALL: p_master->load()