Make sure you do not have a state lockfile located at:
/var/cache/driveclient/backup-running.lock
after shutting down the daemon, this shouldn't exist.
Thanks to Evan B @ Rackspace for the quick pointer!
Dec 4 15:57:07 system kernel: driveclient[12763] general protection ip:7fa8bd8b5590 sp:7fff41ec2450 error:0 in libstdc++.so.6.0.13[7fa8bd849000+e8000]Installed were: libstdc++.x86_64 4.4.6-4.el6 @anaconda-CentOS-201207061011.x86_64/6.3 driveclient.x86_64 1.04.005581-0 @drivesrvr
stat("/etc/issue", {st_mode=S_IFREG|0644, st_size=1882, ...}) = 0 stat("/etc/issue", {st_mode=S_IFREG|0644, st_size=1882, ...}) = 0 open("/etc/issue", O_RDONLY) = 3 read(3, " _ ____ ___"..., 8191) = 1882 --- SIGSEGV (Segmentation fault) @ 0 (0) ---I am not sure if my /etc/issue was too large or there bad characters or something else wrong with this file, but removing it fixes the problem.