mazenetic Whole situation is quite serious, then. 🤔
It does sound like Proton is the only hope, at this point. It could be that the Keystore handler is overzealously trying to compensate for known issues, and has instead ended up creating an entirely new one on its own!
Again, I find it hard to believe that Pixel + GrapheneOS would be affected by a "known OEM issue". This is pretty much the Android reference, and not a "Samsung/Xiaomi-type of deal"...
So with that said, there's ample chance for Proton to remedy their bug (if it is theirs).
One additional benefit of GrapheneOS is the availability of system logs. You posted a snippet above, but did you send Proton the complete app runtime logs? Who knows, it might help...
Also, this thread itself might help spread awareness so your ticket gets handled.