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I am not skilled in restoring razors or scales but there are guys on this forum that can do amazing works of wonder with blades and scales. I've seen inlaid logos and decorative pieces transferred...

It looks like cell rot to me because of the 'sprayed on' appearence of the corrosion, the corrosion on the metal around the pins. Look inside the scales and see if you observe anything that appears...

Depends on how far gone it is. If you post a picture of the blade open we could better advise you. If it is cell rot the blade must be removed from the scales, they are shot and should be disposed...

I hate to be the bearer of bad news, but it looks like your new razor is the victim of cell rot. Celluloid can 'go bad' and give off gases that eat into steel.