The file is the standard firmware update format used by televisions and smart devices powered by MStar (MediaTek) chipsets. While the "new" versions vary by manufacturer, they all serve the same purpose: providing a bootable image that can recover a "bricked" TV or update the system software via a USB flash drive. What is MstarUpgrade.bin?
While holding the button, plug the TV back into the power outlet. mstarupgradebin new
Demystifying MstarUpgrade.bin: The Silent Engine of Smart Hardware Updates The file is the standard firmware update format
A user copies mstarupgrade.bin from a zip file, renames it to mstarupgradebin new to keep the original, then tries to flash it. The device does not recognize the file. While holding the button, plug the TV back
If the device is stuck in a boot loop, follow these hardware-based steps: Hard Power Off