I managed to solve the issue by migrating to another JVM. We were using OpenJDK 11.0.2 which have a bug in the JVM about TLS encryption. I think the same issue is discussed in this another post and on github.com/square #4703. This bug is tracked as OpenJDK issues JDK-8211806 and JDK-8214060. It should be fixed in 11.0.3.
We were unable to find a windows release for 11.0.3. We migrated to microsoft-jdk-11.0.14.9.1 and temurin-jdk-11.0.14.1.1 and the problem is now resolved.