I have a Western Digital Passport 2TB external HDD that I use for Time Machine backups. I formatted it using APFS and it is encrypted. I've used it for around 2 years now, backing up every week.
When I now attach it to my MacBook Pro 16" 2019 running Monterey 12.5, it doesn't mount. The drive spins up and I don't hear any abnormal sounds. Disk Utility and commands like diskutil freeze until I pull the device out. Finder also becomes incredibly slow.
I don't think the device itself is damaged, and the backups don't really matter to me if I can simply reformat the drive. The problem is nothing can actually identify the device without freezing.
Is there a solution, preferably free, to repair the drive or reformat it?