No, having a client side hashed password sit in your logs is way better because it only introduces risk for your own service, instead of risk for every user who reuses their password on multiple services. It changes a compromise log from a widespread identify theft risk to a contained privilege escalation risk.

(Provided either you, or all the other services using this scheme, are sensible enough to salt with a string unique to their website such as a domain name)

just "hashing the password" is not a "challenge-response" protocol.

Amazon use it in their Cognito offering.

Chip-and-pin credit cards use it. 2FA/Fido/Yubikey use it.

Fido (and now w3c)'s WebAuthn come to mind

There's this thing: https://trykno.com/

As they're incredibly opaque about what they're doing, it's hard to tell whether they're part of the "get it wrong" crowd, but being incredibly opaque about what they're doing doesn't bode well.

I used this when I was doing web apps for small enterprises in early 2000's - I sent a random string in a hidden input in the login form and had some javascript concatenate the password and the random string and send me back the username, the random string and the hash of the concatenated string. I hope I got that right (not doing web apps any more since a long time ...).