mhh cant really tell you what's wrong (that error has no explenation assigned to it, the error just says theres something that's wrong not what it is lol there's no specific error msg for it)
anyway some things you could do: delete your old loginserver db files and let the loginserver create new ones, make sure your loginserver is same 'version' as the rest of your exe's(m2server, dbserver, client exe, ... all have to match same release sorta)