Never seen this before.
Freezing a soft synth returns a black clip with a gray line through the center.
The audio can be heard as expected but the visual clip is odd looking.
There is also a tiny icon next to the track icon but it is so small I can't tell what it is.
If the clip is selected you can see the wave pattern. Once you take it out of focus all you see is the gray line.
Bouncing the clip doesn't fix it.
Changing the clip color doesn't fix it.
Dragging the clip to form a new track DOES fix it and there is no tiny icon.