Those who are facing this problem: Don't panic.
Short answer:
Restart your router, and this problem will be fixed. (But if your restart button is not working, you need to do a nine-step process to do the restart. Hitting the restart button is just one of them.)
Long answer: Let's learn how to restart the router.
telnet 192.168.1.1
Run these commands:
mount_root ## this remounts your partitions from read-only to read/write mode
firstboot ## This will reset your router after reboot
reboot -f ## And force reboot
Log in the web interface using web browser.
link to see the official failsafe mode.