The documentation claims that LICENSED_OLD_KEY
... may indicate that the key pair used by the installed version of the application is invalid or compromised.
It looks like this code has been added for cases where the private key has leaked or otherwise can no longer be trusted. Since the current IPC mechanism does not even know which public key is used on the client side, I would assume that the entire packet name is corrupted. The idea is that in this case, the application should ask the user to switch to a new version, which is not corrupted and, presumably, already exists. Since this update will require a switch to a completely new package, how this should be done is unclear. I assume that this mechanism is not actually used at the moment, so the chances of getting this code are very close to zero. In the current version of the official LVL library, this code is processed in the same way as the usual LICENSED answer.
ps Also note that you are confusing the key pair used to sign your applications and the key pair used for the LVL service. These two are completely different and unrelated. Interestingly, with the last key pair, you are not even familiar with the private key. You get your own pre-generated public key (one for each developer) from the publisher’s console and all that you get.
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