After a nice Xmas family meal, went to do some measurements, as you do.
Took out the 12V, 1Amp wall wart.
For once I plugged in the supply before connecting the test board. KABOUM!
Nice puff of magic smoke.
The plastic tabs had given way and it was only held together by a self taper.
Opened up, and it seem one of the rectifying diodes had shorted a heat sink, that in turn blew up an IC and some part that says 250V, 1.6A in top...
I think it had been arcing since I first plugged it in this week and just could not take it any more...
Not removing the heatsink nor unwelding parts to check further, this is going back to the shop ASAP.