I think I've solved the case but sadly the patient is dead...
Voltage spike first fried the modem. Then it travelled trough POE port into router.
There it fried tiny 85ohm resistor between sockets and magnetics.
Then it fried both bridge rectifiers and from there the mosfet and both buck converters. (And a few capacitors...)
And from there both main ICs.

I noticed that both power rails are shorted so I applied 3V 2A to each rail and used thermal camera to find (and remove) all shorted components.
But sadly short circuit on 3.3V rail is still there and the only components heating up are ICs... So no luck I guess...
On this 3.3V rail I also increased the current to 3A but voltage only went up to 2V.

