I wouldn't question quality of an EK+Asus partnership!
Never assume any components are 100% OK which involve seals that can possibly leak and that have the ability to cause $$$ worth of damage in an instant.
Pull the VRM block off (top only - black screws) and verify that the o-ring is seated correctly.
It may have simply popped out of its seat and then squashed during the assembly phase.
I have been using a Formula VIII board for over a year now with a similar setup as the VII and the VRM block is still working OK under fluid - You probably were just unlucky and received the dreaded 'one-off' faulty unit.
Lucky that it did not cause any permanent damage.
In the future think about possibly assembling an air pressure tester such as the ones below that I knocked up. You simply screw one of these into an open G1/4" port and seal the rest of the loop. You then pump the loop up to around 10 PSI (with a bike pump) and monitor for a short while (30 mins to an hour or so is plenty with this setup). Any major/minor leaks will show up us a drop in air pressure on the gauge.
Easy as to test before you fill a loop up with no danger of coolant leaking over electronics...!
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