I had the same problem and tried to google a solution but couldn't find one.
Then I realized that I forgot to copy a letter of the encryption key, i.e., I entered the wrong encryption key.
I found no way to correct that. Removing the game and adding it again was not enough. The only thing that worked was deleting Frosty and re-installing, then entering the correct encryption key.
Hope that helps.
Edit: Instead of deleting Frosty, you can delete the [GameName].key file in your Frosty folder, then you will be prompted to enter the encryption key again.