Could be, if it's got too hot. Check the clearance first before diving any deeper.
You could also use a compression gauge: plugs in where the spark plug goes, turn the engine over with the throttle open and see if its generating enough pressure.
So the next step is...have you got fuel? Is it getting through to the engine...ie is the plug wet after turning the engine over?
You could try a squirt of Easy Start to see if it fires/will run on that
I suspect the bike's 'brain' has shut off the fuel to protect the engine from overheating damage.
It may need a dealer reset to 'clear the fault'...but you could try disconnecting the battery and leaving the bike for a few hours in the hope it forgets what happened to it.
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