Korg M50 61 keys - Fried board?

Hi fellows, my older M50 61 keys just stopped working ad was wondering if you guys can help out with the troubleshooting. The thing wants to turn on but nothing happens beside the repeating flashing lights on the display and joystick (every two seconds or so). Nothing comes up on the display either. I’m using the original power supply that came with the unit and have checked the power connections but everything seems fine there. Is this a common issue? Would it be power supply related? What are the most common parts that break on these units?

Thank you for your time and stay safe