I have just upgraded to Cubase 14 from 13 and all of my FX Tracks just stop working after about 1 minute of the project being open.
If I close and re-open the project they start working again, I don’t have to quit Cubase entirely. The meter does not move on the FX track, but I can’t ascertain if it’s the send from the main track that’s dropping out or the FX track is not receiving the signal. I’ve been working on the track extensively in C13 and not had any issues. It’s started today after the upgrade.
I am guessing that after the upgrade, one or more FX plugins might require your attention regarding licensing. It happened to me before when I had issues like the one you described, it was a single plugin that lost the activation info and I had to re-activate it.
I would check one after another to see if they are still activated. On most, you can click on the manufacturer’s logo or go to the “About” section to see if it indeed activated