When you say the colors look the same washed out across all apps and inputs, or is it just certain sources? That matters because sometimes the update itself doesn't touch picture settings, but it can change how the TV handles color output from specific devices or streaming apps.
I had something similar happen where my Samsung looked super desaturated one morning, and I was convinced the update broke something. Turned out the TV's color space had somehow gotten set to a limited range instead of full range - it's a buried setting that most people never touch. Check your picture settings menu, dig into the advanced color options, and look for anything labeled "HDMI Color Space" or "Color Range" and make sure it's set to automatic or full, not limited. Also worth resetting the entire picture mode back to factory defaults rather than just checking if your saved mode is still there - the update might've changed underlying values without showing it in the obvious settings.
If that doesn't work, the other thing to try is power cycling properly: unplug the TV completely for like 30 seconds, not just turning it off. And unfortunately, most Samsung TVs don't let you roll back firmware - they're pretty locked down that way. But honestly the color space fix works more often than not, so start there before assuming anything's permanently broken.