Daemon Tools Pro Driver Error 55

Daemon Tools Pro Driver Error 55
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About The Author: Phil Hart has been a Microsoft Community Contributor since 2010. With a current point score over 100,000, they've contributed more than 3000 answers in the Microsoft Support forums and have created almost 200 new help articles in the Technet Wiki. May 19, 2014. Dec 21, 2011.

Today, I started to receive Daemon Tools driver error 55 when adding any kind of virtual drive. I tried both adding an IDE and an SCSI drive but none of them worked. I am currently using Daemon Tools Pro 8.30.
I am not sure what caused this issue, though. The last time I used a virtual drive happened a few weeks ago. Since then, I installed the update to DTP 8.30 and also installed a number of Windows updates during the latest patch day on May 14th. At the moment, I am still running Windows 10 version 1809 build 17763.529.
Is this issue known already? How can I fix it?

Add a VHD wizard allows you to create a virtual hard disk — a virtual representation of a physical HDD. Commonly, it is used to backup data or to host more than one operating system on a single PC.

Add a VHD wizard is a part of Virtual HDD paid group. Learn more about the features included in Virtual HDD group in the relevant article.

To create a virtual hard disk, click VHD option in the sidebar, or in the main window, and choose Add a VHD from the catalog of wizards.

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Here you need to perform several easy steps:

  1. Choose the path and the name of your VHD. Use Browse... button to simplify this process.
  2. Enter the size of the image. Choose MB or GB in the drop-down list. Note that image size needs to be smaller than the available free space on your physical hard disk.
  3. Choose the Type of your VHD:
    • The size of the Dynamic disk increases when data is saved to it but doesn't decrease when data is removed from it.
    • The virtual disk with a Fixed size uses constant space of your physical hard disk. This option is recommended.

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The basic options are adjusted, so now you can click Start button andbegin creating a VHD. Also, you can set Advanced options. To go toAdvanced options, click the link in the bottom of the wizard. Here youwill be able to:

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  1. Type the Label of the volume.
  2. Select the File system. Note that you won’t be able to store 4GB+ files on the VHD if you choose FAT32.
  3. Choose whether to include a Boot record. If you check MBR option, the disk will contain a boot sector which specifies how the logical partitions are organized. If you don't need this sector, choose None option.
  4. Choose how to Mount a VHD — as a Removable storage (an optical disk or flash drive) or as a Hard Disk Drive (a fixed media).
  5. Click Start button to begin creating a VHD or Back button to return to the catalog of Virtual HDD group. To review the basic options, click the relevant link in the bottom of the wizard.
  6. Wait a few moments while a VHD is being created.