[Saad Rabia]

In case someone is looking for a solution here is what was wrong in my case:

Go to “Sequence Settings” and make sure that the “Editing Mode” hasn’t changed to something random, especially if you are editing DSLR footage, make sure to match it by selecting “DSLR” for DSLR videos, as an example.

In my case, the sequence changed to ARRI on its own!

All is good now and good luck to everyone! 🙂