I had an older one for years. When I transitioned from PC to my Mac, it died.
I happened to have a 2nd one that was purchased for VEP.
Since updating to Ventura, the exact same thing happened.
After upgrading I opened Cubase and got the e-licenser control error as I had Amped Elektra installed.
After going thru the maintenance procedure on the original key, I got a message informing me that the key was damaged.
This time did the maintenance and got an"ok’ for all but one of the 6 steps (related to memory) and still not working.