Incorrect draw decision

I played white. Black ran out of time, but the game engine called it a draw despite acknowledging black had run out of time.

PGN:
[Event "Rated Bullet game"]
[Site "lichess.org/ttVEFwT4"]
[Date "2022.09.24"]
[White "just-me"]
[Black "Nmandix"]
[Result "1/2-1/2"]
[UTCDate "2022.09.24"]
[UTCTime "18:19:11"]
[WhiteElo "1171"]
[BlackElo "1139"]
[WhiteRatingDiff "-1"]
[BlackRatingDiff "+0"]
[Variant "Standard"]
[TimeControl "120+1"]
[ECO "A40"]
[Opening "Modern Defense"]
[Termination "Time forfeit"]
[Annotator "lichess.org"]

1. d4 { [%clk 0:02:00] } 1... g6 { [%clk 0:02:00] } { A40 Modern Defense } 2. c4 { [%clk 0:01:59] } 2... Bg7 { [%clk 0:02:00] } 3. Nf3 { [%clk 0:02:00] } 3... Nf6 { [%clk 0:02:01] } 4. Bf4 { [%clk 0:02:00] } 4... O-O { [%clk 0:02:01] } 5. e3 { [%clk 0:02:01] } 5... d6 { [%clk 0:02:00] } 6. Nc3 { [%clk 0:02:01] } 6... e5 { [%clk 0:02:01] } 7. dxe5 { [%clk 0:02:01] } 7... dxe5 { [%clk 0:02:01] } 8. Nxe5 { [%clk 0:02:01] } 8... Be6 { [%clk 0:01:57] } 9. b3 { [%clk 0:01:57] } 9... Qxd1+ { [%clk 0:01:53] } 10. Rxd1 { [%clk 0:01:53] } 10... Nc6 { [%clk 0:01:53] } 11. a3 { [%clk 0:01:52] } 11... a6 { [%clk 0:01:51] } 12. Nxc6 { [%clk 0:01:49] } 12... bxc6 { [%clk 0:01:50] } 13. Be2 { [%clk 0:01:48] } 13... Rab8 { [%clk 0:01:41] } 14. b4 { [%clk 0:01:42] } 14... Rb7 { [%clk 0:00:49] } 15. Bf3 { [%clk 0:01:37] } 15... Bxc4 { [%clk 0:00:43] } 16. Bxc6 { [%clk 0:01:36] } 16... Rb6 { [%clk 0:00:43] } 17. Bf3 { [%clk 0:01:26] } 17... c6 { [%clk 0:00:42] } 18. Bd6 { [%clk 0:01:20] } 18... Rd8 { [%clk 0:00:39] } 19. Bc5 { [%clk 0:01:19] } 19... Rxd1+ { [%clk 0:00:39] } 20. Nxd1 { [%clk 0:01:20] } 20... Rb8 { [%clk 0:00:33] } 21. Bxc6 { [%clk 0:01:20] } 21... Rc8 { [%clk 0:00:33] } 22. Bf3 { [%clk 0:01:18] } 22... a5 { [%clk 0:00:32] } 23. Nb2 { [%clk 0:01:17] } 23... axb4 { [%clk 0:00:29] } 24. axb4 { [%clk 0:01:15] } 24... Bb5 { [%clk 0:00:27] } 25. Bb7 { [%clk 0:01:02] } 25... Rc7 { [%clk 0:00:27] } 26. Bf3 { [%clk 0:00:59] } 26... Nd7 { [%clk 0:00:20] } 27. Bd4 { [%clk 0:00:54] } 27... Rc1+ { [%clk 0:00:17] } 28. Kd2 { [%clk 0:00:51] } 28... Rxh1 { [%clk 0:00:14] } 29. Bxg7 { [%clk 0:00:48] } 29... Kxg7 { [%clk 0:00:14] } 30. h3 { [%clk 0:00:41] } 30... Rb1 { [%clk 0:00:13] } 31. Nd3 { [%clk 0:00:40] } 31... Nf6 { [%clk 0:00:12] } 32. Nc5 { [%clk 0:00:39] } 32... Nh5 { [%clk 0:00:09] } 33. Bxh5 { [%clk 0:00:35] } 33... gxh5 { [%clk 0:00:08] } 34. Ne4 { [%clk 0:00:30] } 34... Rb2+ { [%clk 0:00:08] } 35. Ke1 { [%clk 0:00:27] } 35... Rxb4 { [%clk 0:00:08] } 36. Nd6 { [%clk 0:00:25] } 36... Rb1+ { [%clk 0:00:07] } 37. Kd2 { [%clk 0:00:24] } 37... Ba6 { [%clk 0:00:06] } 38. Kc3 { [%clk 0:00:23] } 38... Kf6 { [%clk 0:00:06] } 39. Ne4+ { [%clk 0:00:22] } 39... Kg7 { [%clk 0:00:06] } 40. Ng5 { [%clk 0:00:22] } 40... f6 { [%clk 0:00:05] } 41. Nf3 { [%clk 0:00:22] } 41... Bb7 { [%clk 0:00:05] } 42. Kc2 { [%clk 0:00:17] } 42... Rb6 { [%clk 0:00:05] } 43. Nd4 { [%clk 0:00:17] } 43... Bxg2 { [%clk 0:00:04] } 44. f4 { [%clk 0:00:16] } 44... Rd6 { [%clk 0:00:03] } 45. h4 { [%clk 0:00:15] } 45... Rxd4 { [%clk 0:00:02] } 46. exd4 { [%clk 0:00:15] } 46... Kf7 { [%clk 0:00:03] } 47. Kd3 { [%clk 0:00:16] } 47... Ke7 { [%clk 0:00:03] } 48. Kc3 { [%clk 0:00:15] } 48... Kd6 { [%clk 0:00:03] } 49. Kc4 { [%clk 0:00:14] } 49... Kc6 { [%clk 0:00:03] } 50. Kb4 { [%clk 0:00:11] } 50... Kd5 { [%clk 0:00:03] } 51. Kc3 { [%clk 0:00:11] } 51... Bf3 { [%clk 0:00:03] } 52. Kd2 { [%clk 0:00:10] } 52... Kxd4 { [%clk 0:00:03] } 53. Ke1 { [%clk 0:00:09] } 53... Ke4 { [%clk 0:00:03] } 54. Kf2 { [%clk 0:00:10] } 54... Kxf4 { [%clk 0:00:04] } 55. Ke1 { [%clk 0:00:07] } 55... Kg4 { [%clk 0:00:04] } 56. Kf2 { [%clk 0:00:08] } 56... Bc6 { [%clk 0:00:04] } 57. Ke3 { [%clk 0:00:06] } 57... Kxh4 { [%clk 0:00:05] } 58. Kf4 { [%clk 0:00:05] } 58... Kh3 { [%clk 0:00:05] } 59. Kf5 { [%clk 0:00:04] } 59... h4 { [%clk 0:00:03] } 60. Kxf6 { [%clk 0:00:03] } 60... Kg3 { [%clk 0:00:03] } 61. Kg5 { [%clk 0:00:04] } 61... h3 { [%clk 0:00:03] } 62. Kh6 { [%clk 0:00:04] } 62... h2 { [%clk 0:00:04] } 63. Kxh7 { [%clk 0:00:05] } 63... h1=Q+ { [%clk 0:00:04] } 64. Kg7 { [%clk 0:00:06] } 64... Qd5 { [%clk 0:00:04] } 65. Kf6 { [%clk 0:00:07] } 65... Qe4 { [%clk 0:00:03] } 66. Kg5 { [%clk 0:00:07] } 66... Bd5 { [%clk 0:00:03] } 67. Kf6 { [%clk 0:00:05] } 67... Qf3+ { [%clk 0:00:03] } 68. Ke5 { [%clk 0:00:05] } 68... Kg4 { [%clk 0:00:03] } 69. Kd6 { [%clk 0:00:03] } 69... Qf5 { [%clk 0:00:03] } 70. Kc5 { [%clk 0:00:03] } 70... Kg5 { [%clk 0:00:02] } 71. Kd4 { [%clk 0:00:04] } { Draw by time and insufficient material. } 1/2-1/2

read FIDE rules - draw of insufficient material, how can you win with a lone king

This is correct. Lichess follows FIDE rules. For you to win on time you need to have some sort of possible chance to checkmate. You did not. Be thrilled to have escaped with a draw.

lichess.org/faq#timeout