IPCamera based on RA5350 CRC error on startup

Question

I have an old IP camera that no longer works, doesn't start the ipcamn executable (application that also listens for port 80 connections). Therefore I cannot access it via the network and the camera doesn't perform its intended purpose.

It is based on a RA5350 chip, if I attach a serial to USB adapter to it I can see it booting, then it outputs:

Data CRC 01e4cb65 != calculated CRC ed5f8089 for node at 00240af0
Data CRC 01e4cb65 != calculated CRC ed5f8089 for node at 00240af0
Data CRC 01e4cb65 != calculated CRC ed5f8089 for node at 00240af0

The system is usable, I can move around, I even copied the contents in search of which program outputs this error.

I have found that the camera uses two processes videocatch and ipcamn (this is true according to other internet resources as well). The ipcamn is the process outputting these errors. However upon disassembling or looking at the strings contained in it or the .so files on the system I cannot find anything related to the error above.

I'd like to trace the error to its cause and see if it's fixable. Any ideas?

# cat /proc/cpuinfo
system type             : Ralink SoC
processor               : 0
cpu model               : MIPS 24K V4.12
BogoMIPS                : 239.61
wait instruction        : yes
microsecond timers      : yes
tlb_entries             : 32
extra interrupt vector  : yes
hardware watchpoint     : yes
ASEs implemented        : mips16 dsp
VCED exceptions         : not available
VCEI exceptions         : not available

I also tried to rule out HW problems by copying the binaries over to a Debian MIPS system in QEMU, but I cannot run the executables on MIPS nor on MIPSEL:

user@debian-mips:~/mnt/bin$ ./ipcamn 
-bash: ./ipcamn: cannot execute binary file

root@debian-mipsel:/home/user/mnt/bin# ./ipcamn 
bash: ./ipcamn: No such file or directory

root@debian-mipsel:/home/user/mnt/bin# file ipcamn 
ipcamn: ELF 32-bit LSB executable, MIPS, MIPS-II version 1 (SYSV), dynamically linked (uses shared libs), stripped

The file exists and is executable.