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AXUpdateInstaller certificate chain was issued by an authority that is not trusted

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I am using AXUpdateInstaller to move the code to the new VM, but every time I run it, I end up with the below error on Step 3.
I already have all the certificates in Trusted Root Certification Authorities
I also tried to check the checkbox in SSMS that says /Trust server certificate/ but it didn't help.
Any help would be appreciated,
Thank you