I'll provide https://gitlab.com/cryptsetup/cryptsetup/-/wikis/FrequentlyAskedQuestions and suggest you scroll down to
"PASSPHRASE CHARACTER SET:"
and read that section; as the 'passphrase' used at install time MUST MATCH what your machine will allow you to enter at unlock time (keyboard being OS controlled at install time, firmware controlled at boot).
This is my understanding of this bug. Lubuntu & Ubuntu Studio share the calamares installer, which is what is involved here, or really the installer plus the full disk encryption that Lubuntu/Ubuntu.Studio use that means little is available on your disk before providing the key & access to encrypted disk is possible!
What you're experiencing is what is expected WHEN you enter an incorrect passphrase to decrypt. Your 'entry of keys' as understood by your machine firmware at decryption time does not match your 'entry of keys' at install time as understood by the running OS & calamares at encryption time.
The gitlab.wiki link I provided I believe is your answer UNLESS you made a typo when attempting to decrypt your system at reboot (or install time).
Sorry I'm a dumb aussie and have no experience here (using english which is identical to the firmware of the systems I use), but you need to use keys that are the same when OS is running & what your firmware allows as I understand it.