Wordfence attempts to contact noc1.wordfence.com to verify the license. The request uses cURL with a default 10 second timeout. If the server does not receive a response within that period, cURL returns error 28. The timeout occurs when the network path is blocked, DNS does not resolve, or TLS handshake fails because of old libraries.
The error signals a connectivity problem between your site and Wordfence servers. It does not reflect an issue with the license key itself. The problem originates on the hosting side, not within WordPress core.