Frayed grounding wire. Is this why my car won’t start?

Hi everyone a week ago my car died on me while I was driving it. Heard one loud pop and lost all acceleration, power steering, brakes and came to a rolling stop. I thought maybe the engine was seized up so I just turned the car off to prevent damage. Now car will no longer start. Code reader says both CamShaft sensors and O2 sensor are suddenly bad. Car still has battery power and when cranking it, it just clicks but no start. Found this grounding wire that is very corroded and frayed in 2 separate spots. This wire was not frayed even just a few months ago last time I checked them. Could this be the cause of why my car died and won’t start?

First pic is of the same wire from underneath the car.

Second pic is where the wire connects at the top where it’s grounded.

2004 Honda Pilot EX