LED - RED (constant) and i can't see files anymore

[cpt_paranoia]

Similar problem reported here:

Blank dashboard

Hi gyus. I’ve bought this WD My Cloud 2TB today and already got troubles… At start all was fine, but after some time i tried to connect to UI and seeing this [blank.png] I did firmware update like here http://community.wd.com/t5/My-Book-Live/How-I-unbricked-my-MBL-after-the-November-2012-firmware-update/td-p/317361 Things like 10s reset and 40s restore i also tried. But still no result.  I can see shared folders, can access Public, bot can’t access folders with users rights (there should…

The last-but-one post in that thread suggests another 40-second reset might help:

Update. I did the 40 second reset twice and after the second time the dashboard magically appeared. So far it seems to be working.