Novel proofs are the coin of the realm for junior mathematicians. They figure into training, career advancement, and indirectly, teaching. The reason I include teaching is because it requires tenure, which requires proofs. Teaching without tenure is gig work, not a career. But proofs can be devalued to zero.
The application deadline for grad school is a few months away. For a student considering a math career, they have to deliver a thesis in a few years, that their professor is willing to sign. Nobody knows what that will look like without proofs. "We will have to do something different" is weak sauce.