USB 2.0 compatible
Low and full speed data rate: 1.5MBps and 12Mbps, selected by jumper
Then what did you expect.
12 mbps is indeed USB2.0 full speed.
480mbps is high speed which wasn't claimed to be supported.
Also good luck finding 480mbps capable USB isolators.
Just a few thoughts:
So far, three pieces of information have not been revealed:
A) Was the isolator connected with the jumper to the correct speed?
B) What is the speed the USB oscilloscope specifies as required?
C) Has the OP tried a different cable from the isolator to the computer's USB port ?
A) The OP hasn't mentioned setting the jumper to the correct position.
B) The OP hasn't mentioned which USB 'scope he has.
After a quick search for USB 'scopes I looked up a Hantek and it specifies 12Mbps but his may be different.
C) Sometimes USB cables can drive you crazy by appearing to "work good" except they are not.