The lifecycle configuration yaml template snippet must delete all existing previous versions as well as current versions from now on. The versioning is suspended for this bucket. Any help is highly appreciated.
Using Boto3:
#!/usr/bin/env python
import boto3
s3 = boto3.resource('s3')
bucket = s3.Bucket('your-bucket-name')
bucket.object_versions.all().delete()
You can do it on GUI too but that would take lots of time if you have lots of files.
You can find further possible ways here.