Happened to me with my current company. Did the two rounds of interviews, they said they'd have an offer letter within a day or two then the company recruiter called me that afternoon to say the position had been put on an indefinite hold. Now I lucked out that her next sentence was, I have this other position that I think you would be a great fit for here, would you be interested? I said sure and did two interviews the next day. One day later, they sent me an offer and almost 18 years later I'm still here, now leading the team I started on.
Sometimes it happens, budgets change, companies get nervous about financials, etc. It is disappointing but if you are interested in the role and company, make sure to stay in contact with your recruiter, you never know what the next opportunity might be.
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