It gave me a warning message> clicked proceed anyway (may this was not the smartest move).
After the reboot router stopped responding to the pings and all LEDs blick periodically (please see video below): https://filebin.net/shvmd1hk0z38d9rr
Is there something l can do in order to recover this unit?
Please read the corresponding device page in the wiki about recovering this device. Judging from your explanation and the described firmware format/ mtd partitioning, it's very likely that the radio calibration got damaged (which would imply that you'd have lost wlan support permanently, but that's something to consider once you've recovered basic device functionality).