Why do I receive License Manager Error -33?

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When attempting to launch MATLAB I receive a License Manager Error -33, which states:
ERROR: License checkout failed.
License Manager Error -33.
Bad encryption handshake with vendor daemon.
How do I resolve this?
 

Accepted Answer

MathWorks Support Team
MathWorks Support Team on 26 Dec 2022
Edited: MathWorks Support Team on 26 Dec 2022
This error can occur when the network connection between the client and server is interrupted. Please contact your Network Administrator to make sure there are no issues with the Network you are running MATLAB on.
If you have verified that the network settings are correct and you are still getting this error, please contact Installation & Licensing Support here:

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