Hi @juanobregonmazo,
No, the data is stored encrypted on your remote storage, so you will need to download it all to have it decrypted.
Can you send a diagnostic from the odrive tray menu and I can take a look at the errors you are seeing?
Also, have you checked your MacOS Trash to make sure the original deleted Encryptor folder is not there?
A search on your system for “Encryptor” may also be helpful, if the folder was accidentally moved to another location. If you had this data locally, before, it could help to shortcut the re-download process.