I had the similar issue for a react native project which all of a sudden stopped working on all Xcode simulators.
We tried everything from deleting/resetting the simulators, deleting Derived data and downloading Xcode again, however nothing worked.
The only thing that worked was to create a new provisioning profile as I read at some other places also but didn't think would resolve this, however it did!
Also, if the issue comes up again after changing the profile, try with a different simulator the one which has not been used before(if needed download new simulators for different OS). Somehow the simulators become "corrupt" and gives the same issue even after resetting/erasing.