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It is the password for the "admin" account on your NAS. You may need to set one.
Just to get it right:The password is NOT "admin".The device password is the same as for the admin account on your NAS. This is when you log in through 192.168.0.32, you will need to enter a password for the System Administrator (admin) account. Use that. If you don't have one, because the factory default is <empty>, then set one.
Are you using firefox? That doesn't seem to work with the WebUI, the login always fails.I had to use Chrome.