Why is ERC20 suspended?

Why has ERC20 been suspended? I'm keen to understand the reasons behind this decision. Could it be related to recent technical issues or security vulnerabilities? Has there been any official announcement or explanation from the relevant authorities? I'm particularly interested in how this suspension might affect the broader cryptocurrency market and the holders of ERC20 tokens. Is there any risk involved, and what steps should we take to safeguard our investments? I'm looking for a comprehensive yet concise answer to these questions.