If you can return the board with little hassle then do so, that is one variable out of the equation.
As to why, well there are many reasons that could cause sudden electronic death. Honestly there are just to many to list - but I think what you mean is can a PSU cause that kind of sudden stop. The answer is most definitely yes, it is the most common cause of hardware damage. Can I be sure it happened in your situation of course not, no way I can be certain at all.
To help us help you - please provide as much information about your system and the problem as possible.