Why is osmosis chain halted?

Can you elaborate on the reasons behind the halting of the Osmosis chain? It seems to have been a sudden decision, and many within the crypto community are wondering about the specifics. Are there any technical issues that have led to this halt? Or is it a strategic decision made by the developers? Additionally, what are the plans to resume the chain's operations? This halt has certainly raised concerns among investors and users, so clarity on the situation would be greatly appreciated.